Confirming a Parking Stall before Buying or Selling
A parking stall is an important asset to a condominium unit. Buyers may evaluate if the space fits their car, how close to the unit the space is, or if there is enough room to get in and out of the vehicle. However, don’t assume the stall being used by occupants of the unit actually is the legally assigned stall. Owners sometimes enter into informal agreements among themselves to use a parking stall other than the one assigned to them. This could be for the convenience of one or both parties d [...]