LarryL8 (New Jersey)
Posts: 5
Posts: 5
Posted:
I am one owner of a 30 unit condo building.
10 of the units have 10 parking spaces included with their units as part of the original contract.
Those spaces are actually part of the building.(Mine is not part of that group.)
None of the remaining 20, have parking spaces assigned unless, they pay for one to the owner of a separate garage, (which oddly enough is owned by the developer of the condo project).
I have found out that all 30 units are subsidizing those 10 spaces in the form of “Maintenance Fees”. i.e., the said parking spaces are not included in the square footage of each owners unit when the fees are calculated.
Right now not enough units have been sold to establish its own “Association” so the project is still under the control of the developer.
So, the question is, at this point, what is the best way to alter the By Laws in order to establish a change so those owners who have assigned parking spaces are paying for their spaces and the owners who have none are no longer subsidizing them. Is there a way to force the developer to change it? Or do we have to wait until the building has enough owners to form its own association? Or is this something that will be very difficult to modify.
10 of the units have 10 parking spaces included with their units as part of the original contract.
Those spaces are actually part of the building.(Mine is not part of that group.)
None of the remaining 20, have parking spaces assigned unless, they pay for one to the owner of a separate garage, (which oddly enough is owned by the developer of the condo project).
I have found out that all 30 units are subsidizing those 10 spaces in the form of “Maintenance Fees”. i.e., the said parking spaces are not included in the square footage of each owners unit when the fees are calculated.
Right now not enough units have been sold to establish its own “Association” so the project is still under the control of the developer.
So, the question is, at this point, what is the best way to alter the By Laws in order to establish a change so those owners who have assigned parking spaces are paying for their spaces and the owners who have none are no longer subsidizing them. Is there a way to force the developer to change it? Or do we have to wait until the building has enough owners to form its own association? Or is this something that will be very difficult to modify.