01-04-2017, 02:53 PM
(01-04-2017, 02:27 PM)MidTowner Wrote: That’s amazing. I can understand their motivation for wanting to be the intermediary for parking space rentals (though I don’t think it’s justifiable). What’s the motivation for restricting the market to occupants of the building, besides artificially lowering the cost of parking for those residents who happen to have more cars?
Viewfromthe42, have you ever known residents to complain that they have to park their second or third vehicle at further-away lots because they can’t find one at the building’s lot?
You’re right that constraining the market this way results in inefficiencies that the density of downtown is supposed to eliminate. Plus, it increases rent for residents like you…all in all bad.
Check the condo declaration, bylaws, and rules. I am by no means an expert in condominium law (or any law), but those might have something to say about the matter. Reading the Condominium Act might also be helpful — I don’t know what the condo corporation can and cannot do. Also keep in mind there could be a disconnect between what the owners at large, the Board, and Management want. Ultimately Management is hired by the Board who are elected by the ownership, and all must abide by the Act, Declaration, Bylaws, and rules (although all but the Act can be modified by the ownership and/or Board, with various procedures and voting thresholds required for changing different elements.