Legal Question in Real Estate Law in Massachusetts

Re: condo docs

For your purposes it make little or no difference. The condo associaiton as a trust has the obligations to maintain the property and collect condo fees in accordance with its charter. The Corporation should be a non-profit corporation and it will have a charter as well and its purpose will be essentially the same.

More important than the form of the Associatioin is the rules and regs and its charter as to who serves in what capacity. If you are buyng a condominium you should have an attorney review all the documentation as your attorney and not simply as the lender's attorney. An attorney can represent both you and a lender with your consent and that of the Lender.

But generally you should have an attoreny review the condo documents as well as the P&S for your protection.

Plese feel free to contact me if you have more questions.