As condo owners' lives change, they often have questions as to what their building will allow. One of the changes that often concerns Ontario condo owners is the addition of a new car and the need for parking. Many people wonder if condominium law establishes any protocol for obtaining an additional parking space in their buildings.
As with many questions about Ontario condominium law, the answer lies in the bylaws and regulations of the building. While some condo owners purchase a parking spot or spots as part of their acquisition, others are simply allowed to use spaces that are still owned by the building. The details of where ownership lies determines what parking space an owner is allowed to use.
A status certificate provides such information. This document should be evaluated by a legal professional prior to finalizing a purchase. It will include information about whether someone owns their parking space or if ownership remains with the condominium corporation as a common element. If the latter is the case, leasing an additional space may be an option. Forecasting future needs, such as the addition of a car, is something that should be considered when purchasing a condominium to avoid an unpleasant surprise later on.
Parking spaces, storage lockers and other building spaces outside of the unit itself are often key selling points for buyers. However, understanding how condominium law and building bylaws from a legal perspective can help someone understand what he or she may and may not expect from a particular building. An Ontario lawyer who specializes in real estate law can help clarify outstanding issues for building managers and condo owners alike.