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Renting Out Your Parking Space

Author: 
Toronto Condo News
Publication date:
December 24, 2021
Article Summary: 



The article discusses the option of renting out unused parking spaces in condominium buildings for extra income. It notes that prices vary based on location and demand and that some municipalities and buildings may prohibit such rentals. The article also highlights potential security risks associated with allowing non-tenants access to secure parking areas and common areas. The recommendation is to check with the building management and explore the option of providing limited access to parking areas.

Keywords: 

renting, parking, condominium, income, security risk, building management.

Source Citation: 
Toronto Condo News
Renting Out Your Parking Space
December 24, 2021
https://tocondonews.com/archives/renting-out-your-parking-space/
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