Brentwood Living Properties for Sale

Blog

Your Parking Stall and Storage Locker May be Re-assigned

"I've done all my research and it's just a small condo. How hard can it be?"

Purchasing a condo or townhouse isn't as straight forward as you think. The Listing Agent markets the property with "One secured parking stall right next to the elevator" and "Comes with an extra large storage locker".

You purchased the apartment unit and then the strata tells you that your parking stall is not on P1, but now on P4 and you are in the wrong storage locker. You have to remove all your belongings in the locker and use your new assigned locker which is smaller.

Parking and Lockers just like other areas in a building complex are either part of the Strata Lot, Common Property or Limited Common Property. In the case that the parking and locker is part of the strata lot, very rare, it is owned by the strata lot owner.

If it is Limited Common Property, then just like a balcony, it is common property; however, you have the exclusive right to use it and it is attached to the strata lot unit.

If it is Common Property, just like the rooftop garden, gym, pool, sauna, and pathways, it is for everyone to share. In this case, strata assigns the parking stall and storage lockers, and they can reassign it at any time. This doesn't mean you won't have a parking stall, just that it can change.

Some of the newer buildings have parking and storage as Common Property under a lease. This lease can have a term of 10 years or 99 years, and it assigns the lease to the purchaser of the strata lot. When the unit is for sale and a new purchaser takes possession, then the lease may be automatically assigned to the new owner. 

Ensure when purchasing your next strata unit, you have confirmed the arrangements of the parking stall and storage locker. There's only so much I can type out on this blog without boring you. Understand what you are buying and it is always important to have someone working for your best interest. Hire a REALTOR(R) who understands strata.


Posted: 2nd June 2011 under


Archive

•  December 2018 (17)
•  November 2018 (41)
•  October 2018 (57)
•  September 2018 (49)
•  August 2018 (48)
•  July 2018 (44)
•  June 2018 (43)
•  May 2018 (64)
•  April 2018 (48)
•  March 2018 (45)
•  February 2018 (32)
•  January 2018 (18)
•  December 2017 (16)
•  November 2017 (32)
•  October 2017 (33)
•  September 2017 (34)
•  August 2017 (36)
•  July 2017 (42)
•  June 2017 (33)
•  May 2017 (48)
•  April 2017 (43)
•  March 2017 (40)
•  February 2017 (32)
•  January 2017 (29)
•  December 2016 (14)
•  November 2016 (23)
•  October 2016 (27)
•  September 2016 (42)
•  August 2016 (42)
•  July 2016 (63)
•  June 2016 (52)
•  May 2016 (38)
•  April 2016 (53)
•  March 2016 (53)
•  February 2016 (48)
•  January 2016 (28)
•  December 2015 (16)
•  November 2015 (30)
•  October 2015 (41)
•  September 2015 (17)
•  August 2015 (40)
•  July 2015 (54)
•  June 2015 (50)
•  May 2015 (45)
•  April 2015 (51)
•  March 2015 (52)
•  February 2015 (35)
•  January 2015 (37)
•  December 2014 (13)
•  November 2014 (30)
•  October 2014 (52)
•  September 2014 (46)
•  August 2014 (43)
•  July 2014 (50)
•  June 2014 (52)
•  May 2014 (61)
•  April 2014 (48)
•  March 2014 (45)
•  February 2014 (35)
•  January 2014 (43)
•  December 2013 (17)
•  November 2013 (22)
•  October 2013 (41)
•  September 2013 (47)
•  August 2013 (49)
•  July 2013 (43)
•  June 2013 (46)
•  May 2013 (70)
•  April 2013 (49)
•  March 2013 (47)
•  February 2013 (52)
•  January 2013 (44)
•  December 2012 (8)
•  November 2012 (21)
•  October 2012 (40)
•  September 2012 (51)
•  August 2012 (50)
•  July 2012 (40)
•  June 2012 (69)
•  May 2012 (97)
•  April 2012 (62)
•  March 2012 (75)
•  February 2012 (61)
•  January 2012 (57)
•  December 2011 (18)
•  November 2011 (38)
•  October 2011 (33)
•  September 2011 (63)
•  August 2011 (44)
•  July 2011 (69)
•  June 2011 (62)
•  May 2011 (60)
•  April 2011 (65)
•  March 2011 (54)
•  February 2011 (54)
•  January 2011 (49)
•  December 2010 (25)
•  November 2010 (37)
•  October 2010 (50)
•  September 2010 (55)
•  August 2010 (33)
•  May 2010 (2)
•  January 2010 (2)
•  August 2009 (1)

Categories

•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  
•  

RSS Feed   Add to Google
Home