If you are expecting visitors. A common area is an area of real estate that is not owned by any one person, but serves a common, useful purpose for a group of owners or residents. Parking areas may be Common Area/Element available for use by all owners on a first-come, first-served basis; or, parking spaces may be individually designated as … The common area spaces may be assigned by the board as set forth under the provisions of the declaration. This is the area or walkpath 10 feet wide around the four side of the building which is common area for all the twenty seven flat owners.

It is a separate entity from the unit, it is assessed separately by the city or state and it has its own legal designation and property tax bill. Alternatively, the strata corporation might wish to turn the caretaker’s suite, a common asset, into a wood-working room. The area provided for parking apace is the area which is coming under the approved plan of the development authority.

A hallway might be considered a common area.

Common areas can include both internal (hallways, elevators, lobbies, public bathrooms, etc.) Common areas can include both internal (hallways, elevators, lobbies, public bathrooms, etc.) Examples. Car owners who abuse the common property visitor parking is a contentious issue in a strata situation. A separately taxed parking space is easier to comprehend. Parking areas may be Common Area/Element available for use by all owners on a first-come, first-served basis; or, parking spaces may be individually designated as Limited Common Area/Element appurtenant to particular lots/units. and external expenses (parking lots, landscaped areas, etc.). The owners corporation can control parking on common property by using signage, security guards, key card systems or parking barriers. Some strata schemes set a time limit on visitor parking, while other schemes trust that lot owners and their visitors won’t outstay their welcome. Car owners who abuse the common property visitor parking is a contentious issue in a strata situation. Visitor’s Parking. These spaces include areas such as parking lots, laundry facilities, fences and all parts of the property which are available to use for all residents. One parking lot … Visitor’s Parking. Yes it would be incorrect to assume that a parking bay is directly allocated to the corresponding section number, as parking bays can be part of the section, a separate section, a registered exclusive use area, a rule based exclusive use area, common property and common property subject to a lease agreement. In a condominium association and most townhome/homeowners associations, the board of directors has the right to adopt rules and regulations regarding the parking of vehicles.

To help maintain harmony with your neighbours, here are five ways to deal with some of the most common parking problems in strata managed properties: 1.

For example, a strata corporation may wish to convert a common property area of grass to a paved parking lot. List exactly what your CAM fees will cover in the lease, how often they are to be paid, and how much they can be increased each year.