Shared Facility Agreements

This blog discusses the benefits of shared facility agreements for managing and maintaining amenities shared by multiple condo buildings, such as parking areas, security services, and recreation spaces. The blog suggests that problems can arise when there is no agreement or an existing agreement is not equitable. The blog recommends establishing a proportionate sharing of costs and a shared facility committee with majority voting to avoid disputes. It also advises against agreements where the developer or other party appoints a shared facilities manager and emphasizes the importance of including all shared facilities in the agreement.