This also means that there is normally no specific allocation of parking spaces to each dwelling unit, as owners are often free to transfer their parking unit to another unit owner in the condominium. A condominium is described as “the concept of ownership of a single unit of air space within a multiple dwelling complex, together with joint ownership of the amenities (pool, recreation center, greenbelts, etc.)

Part of the development plan as approved by the city required there to be at least 2-designated handicapped parking spaces within the 3-building complex. Question: The association in my condominium is trying to reassign all the parking spaces, which were originally assinged by the developer in 1969. In our condominium, we have assigned spaces. ILLINOIS CONDOMINIUM PARKING SPACES ATG has recently received a number of claims involving condominium parking spaces. In contrast, suburban site condominiums with single family… The rules should be periodically reviewed by the condo’s board, given to prospective buyers, posted throughout the property, and distributed to owners each year at the annual meeting. Avoid all the stress and find ways to avoid parking nightmares in your condo property by equipping yourself with everything that’s to know about condo parking. and common areas of the structures and land among all unit owners.” The first thing you need to know about your condo parking space is … The space is either included in the sale price or the owner has to buy one at additional cost. I live in a CT condominium with 26-units. at *1. Creation and enforcement of the parking rules for condos are especially important where the spaces are either outside or in detached garages/carports. Certain spaces within the units, including attic, basement, or garage space, may be omitted from such calculation or partially discounted by the use of a ratio, so long as the same basis of calculation is employed for all units in the condominium and so long as that basis is described in the declaration. Hi, I purchased my condo in Santa Monica, california about 18 years ago. at the time of purchase, the seller and his agent told me that I had 2 parking spaces in my deed which was right. The buildings (expandable condominium) were first constructed in 1983, 1986 and 1991. This document is recorded at the Land Records for the jurisdiction in which the condominium is located and sets the rights and obligations of the unit owners of the condominium association.

Below are nine facts about condo parking spaces. Parking spaces are limited common elements, and like all other portions of the common elements, parking spaces are technically owned in an undivided interest in common with all of the owners of units in the entire Condominium Association. Most condos have one parking space per unit.

It Is Not a Package Deal. Some of the owners who do not drive would like to sell their parking spaces to others who would like … It is in the Condominium Declaration that the ownership of a parking space is outlined. Brian Keane purchased a condominium unit and, shortly after this purchase, paid the Association an additional $5,000 for an extra parking space. Parking spaces are often at a premium in densely packed urban areas and issues arise when co-owners fail to park in their designated areas. last year I found out the truth accidentally after 17 years.