Condominium Association Overview

General Information

As a Unit Owner, you have purchased the exclusive ownership of your unit, and an undivided interest in the Common Areas and the Limited Common Areas of Tyng Village Condominium. As a Unit Owner, you are a member of the Tyng Village Condominium Association and you are entitled to one weighted vote, in the amount of your unit percentage of beneficial interest, in condominium issues brought to a membership vote. 

The Tyng Village Condominium association is the basis for the governing of our community and for ensuring its care and maintenance. The Association is made up of all Unit Owners. A Board of Trustees is elected by the members of the Association and is responsible for the actual operation of the Association. The Board’s primary responsibility is to preserve, protect, and enhance the value of our community The Board is composed of three to five members who each serve for three-year term.

Elections to fill openings on the board are held at the annual meeting, after which the board elects its officers, president, secretary, and treasurer. The Board meets on a regular basis to examine and discuss all phases of the operation of the Condominium. Owners are encouraged to attend meetings and participate in community activities and vote when necessary at owners’ meetings.

Master Deed, By-Laws, Rules and Regulations

These documents define the legal basis for our community, its governance and rules. They outline the rights and responsibilities associated with condominium ownership. If you do not have your copy of these documents, contact the management company. As a landlord, you are obligated to supply the same documents to your tenants.

Insurance

The master insurance policy covers the buildings in the common areas of the Condominium. Items permanently affixed to the structure in your unit, such as kitchen cabinets, wall-to-wall carpeting, hardwood floors, dishwashers, etc. that are covered by the Master Policy above the policy deductible. You must carry your owner individual insurance (H0-6) policy to cover your personal belongings, liability within your unit and to cover the master policy deductible amount if you have a loss involving your unit. Additional coverage’s such as, all risk, loss assessment, and liability coverage are also recommended.

If you have any questions about what you should include in your individual homeowner’s policy contact your personal insurance agent or the Master Policy insurance agent for Assistance.

If your mortgage company requires a Certificate of Insurance, please contact our insurance agent directly for assistance.

Condominium Rules

Rules and regulations are established for the benefit of all residents and their guests. These rules are intended to preserve a clean and attractive environment, assuring the peaceful enjoyment of Tyng Village and to protect and enhance the value of each homeowner’s property. Condominium living may be new to many of you and will require individual adjustments, tolerance, and the cooperation of all of our residents. The Board may change or modify these rules and regulations at any time for the common good. They may be discussed at our annual Association meeting. Please remember that the Board of Trustees and the Management company stand ready to assist you at all times.

Management Company

A management company has been engaged by the board of trustees to assist in the day to day management of Tyng Village condominium. This includes administrative record keeping, financial services and property maintenance services. Briggs Management Company can be reached by calling 978-251-5379 or by email at CS@brigsllc.com. 

Emergency Repairs

Emergency repairs for problems within the unit are to be handled immediately by the occupant to prevent further damage to the property. The Unit owner or resident must notify the management company as soon as possible.

Unit Owner Service Requests

It is the unit owners responsibility to maintain and repair items within his or her unit. If damages cost to your unit for the common area component, please contact the management company. If the unit owner finds a need for Service to the common area, please contact the management company.

Fees and Assessments

Revenue to support Tyng Village condominium Association takes two forms; the common area fees which are determined annually for operating and reserve budget expenses and special assessments to cover extraordinary/unanticipated expenses. One twelfth (1/12), of the annual unit fee is due and payable on the first day of each month. Payments received after the 15th day of the current month will be assessed a late fee (see delinquency procedures). 

Our annual budget is formulated by the Board and becomes the plan for that fiscal year, January 1 to December 31. This budget is provided to the unit owners at least thirty days prior to the start of the new budget year. The budget includes all anticipated expenses such as repairs and maintenance, landscaping, snow removal, painting, insurance, legal, accounting, management, etc. and capital reserve funding. 

While it always the intent of the Board of Trustees to operate with the funds available in the annual budget, special assessments and budget adjustments can be made at any time during the year as the need arises to maintain and protect the value and integrity of Tyng Village condominium Association assets. The amount of this special assessment or budget adjustment may be billed as one payment or periodic payments as the board feels is reasonable under the circumstances.