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Monday, 30 January 2012

Strata: Can U Sell Your Parking Stall?

Yes, you CAN if:
1/ Your parking stall is a separate strata lot.

2/ Your parking stall is part of a strata lot.

3/ Your parking stall is an INTEREST of a long-term lease on common property.

No, you CANNOT if:
1/ Your parking stall is common property. (All condo owners have equal right to the use of common property.)

2/ Your parking stall is limited common property, which is part of common property.

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I am a realtor specializing in the residential properties in the Greater Vancouver, British Columbia. I have been awarded with 15 years top achievement Medallion Award by the Greater Vancouver Real Estate Board.