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Attorney Profile
Condominiums
Restrictive Covenants
The Closing Process
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The Condominium
Trust/By-Laws
Condominiums need
an organization to oversee the daily running of the Common
Areas and the Condominium as a whole. A Condominium
Trust or Association is the common entity formed to
accomplish these tasks. The organizational document is
usually referred to as the Condominium Trust and By-Laws.
The rules and regulations affecting Unit owners are often
contained in the same document.
I.
1.The
Condominium Trust/By-Laws contain, amongst other
items, the following provisions:
1.
The method of
providing for the necessary work of maintenance,
repair and replacement of the common areas and
facilities and payments therefore, including the
method of approving payment vouchers.
2.
2.The manner of collecting from the unit
owners their share of the common expenses.
3. 3. The procedure for hiring all
personnel, including whether or not a manager or
managing agent may be engaged.
4.
4.The method of adopting and of amending
administrative rules and regulations governing the
details of the operation and use of the common areas
and facilities.
5.
5.Such restrictions on and requirements
respecting the use and maintenance of the Units and
the use of the common areas and facilities, not set
forth in the Master Deed.
6.
6.Such other provisions as may be deemed
necessary for the management and regulation of
Condominium Association.
The document may
also contain:
1.
1.A method for determining the fair market
value of the unit and of the Condominium in cases of
repair/restoration/improvements.
2.
2.A procedure for submitting the disputes
arising from the administration of the Condominium
to arbitration.
3.
3.Any rights of first refusal by
the organization of unit owners in case of sale of a
unit
4. 4. Such other provisions as may be
deemed necessary for the management and regulation
of Condominium Association.



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What We Offer
Steven Bloom, Esq. is available to
represent Buyers, Sellers, Banks, Institutional Lenders,
Private Lenders, Mortgage Companies, Correspondent Lenders
and Mortgage Brokers regarding the purchase, sale and
financing of residential and commercial real estate.
He is further experienced in handling all aspects of
highly-technical and specialized affordable housing
transactions in Massachusetts. Attorney Bloom offers legal
representation from the time of the first Offer or
Reservation Form, to the drafting or review of the Purchase
and Sale Agreement, right through the Closing. He is also
available for representation on general real estate matters
and in clearing title problems.
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Attorney Profile|Condominiums|Restrictive Covenants
The Closing
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DISCLAIMERS
The Rhode Island Supreme Court licenses all attorneys
in the general practice of law. The court does not license or
certify any lawyer as an expert or specialist in any field of
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Commonwealth of Massachusetts. Steven Bloom, Esq. is also
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