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What do I have to do to become the trustee?


Question:

This question is submitted by Ami A, out of Salem, MA

 

I purchased a unit in a three-unit building in Salem, Mass., a few months ago. We have a condo trust document that describes the responsibilities and powers of the trustees; however, I learned after moving in that there are no official trustees, in the sense that no one has signed paperwork that was recorded with the county.

I looked for a trustee document online that the trustee for each of the three units would sign and have notarized. I'm not finding one. I was hoping someone could point me in the right direction and am wondering if, other than signing the docs and having them notarized with the country, there are other steps that need to be taken in order to officially be trustees?

(In the case at all relevant, this came to a head when one of the unit owners, who has lived in the building a long time and has managed the HOA's banking, wanted to add me and the other unit owner onto the account. The bank would not because we're not officially trustees.)

Many thanks in advance for any help you might be able to provide.

 

Thoughts?

 


Answers (4)

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