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Parking Space Restrictions

Author: 
Toronto Condo News
Publication date:
November 26, 2018
Article Summary: 

The article discusses the potential revenue from leasing unused parking spaces in condos and the restrictions that may apply to such leasing. The Toronto by-law 569-2013 prohibits residential parking spaces from being leased separately from a residential dwelling, and condo corporation documents may also include restrictions on the use and leasing of parking spaces. While some condo buildings may allow leasing, the restrictions may limit leasing to other residents or owners of the corporation. It is important to be aware of these restrictions to avoid fines and maintain the residential intent of the property.



Keywords: 

parking spaces, revenue, condo corporations, leasing, municipal regulations, Toronto by-law, residential parking spaces, fines, condo corporation documents, restrictions, commercial activities



Source Citation: 
Toronto Condo News
Parking Space Restrictions
November 26, 2018
https://tocondonews.com/archives/parking-space-restrictions/
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