Section 12. The by-laws may also provide:—
(a) A method for determining the fair market value of the unit and of the condominium in cases arising under sections seventeen and eighteen by submitting the matter to arbitration by a board consisting of one member chosen by the dissenting unit owner, one member chosen by the organization of unit owners, and one member chosen by the two members so selected.
(b) A procedure for submitting the disputes arising from the administration of the condominium to arbitration.
(c) A right of first refusal by the organization of unit owners in case of the sale of a unit, such right to be exercised within thirty days after written notice of intent to sell is given to such organization, provided, however, that this right shall not be exercised so as to restrict alienation, conveyance, sale, leasing, purchase, ownership and occupancy of units because of race, creed, color, national origin or sex.
(d) Such other provisions as may be deemed necessary for the management and regulation of the organization of unit owners or the condominium not inconsistent with this chapter and the master deed.
Structure Massachusetts General Laws
Part II - Real and Personal Property and Domestic Relations
Title I - Title to Real Property
Section 2 - Application of Chapter; Creation of Other Interests in Realty
Section 3 - Nature of Interest; Sale or Descent
Section 4 - Exclusive Ownership and Possession; Restrictions
Section 5 - Interest in Common Areas or Facilities; Percentage; Division
Section 6 - Common Profits and Expenses; Lien
Section 7 - Contribution Toward Common Expenses; Liability; Offset, Deduction, or Waiver Prohibited
Section 8 - Master Deed; Recording; Contents
Section 8a - Leasehold Condominiums; Rights of Unit Owners
Section 9 - Deeds of Units; Contents
Section 11 - By-Laws; Mandatory Provisions
Section 12 - By-Laws; Additional Provisions
Section 13 - Claims Involving Common Areas and Facilities; Liability
Section 14 - Taxation and Betterment Assessments; Lien
Section 15 - Subdivision Control Law
Section 16 - Submission of Property to This Chapter
Section 18 - Improvements; Costs
Section 19 - Removal From Provisions of This Chapter
Section 20 - Municipal Participation in Condominium Organization and Ownership
Section 21 - Multiple Family Condominium Units; By-Laws; Master Deed
Section 22 - Foreclosure of Condominium Development; Liability of Lender and Developer
Section 23 - Prior Consent for Amendment of Deed, Trust or Bylaw