This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
New York Parking License Granted by Owners Association of Condominium
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Multi-State
Control #:
US-02285BG
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Word
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FAQ
With exclusive use, the parking and locker runs with the deed of the unit and you are unable to sell them separately. The right to the exclusive use is always transferred with the sale of any unit. Exclusive or owned, you are able to store what ever your heart desires in the locker.
The Condominium Act is the New York State law which governs the establishment of condominiums. The decisions made by courts in cases involving the Condominium Act are the case law which interprets the statute.
Condo Owner Rights: The Right to Protest When board members fail to meet their fiduciary duties, condo members can remove the board members who are abusing their authority. Condo owners also have the right to protest any regulations that are discriminatory, unfair, or onerous.
For most motorised vehicles, there are three commonly used arrangements of parking spaces?parallel parking, perpendicular parking, and angle parking.
The most common types of parking are angle parking, perpendicular parking and parallel parking. Angle parking is especially widespread in parking lots, where vehicles are designated to go one way. Perpendicular parking is similar to angle parking, but requires greater care in turning.
The exclusive use of a parking space is generally granted to a co-owner by the developer. He is the only one entitled to designate the location where a parking space will be allocated to his buyer, at the occasion of the first sale following the construction of the immovable.
In many cases, a dwelling unit will have its own parking space allocated to it. Therefore, the unit owner using the space does not hold legal title to the space, but has the exclusive right to use it.
On average in Toronto the condo fee on a parking spot is about $50-80/month but many of the newest buildings in Toronto have fees of $100-200/month for parking spots.