What to Understand About Parking When Buying a Condo
What to Understand About Parking When Buying a Condo
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What to Understand About Parking When Buying a Condominium
What to Understand About Parking When Buying a Condominium
Parking in a condominium is not always straightforward. As a REALTOR®, helping your client understand the type of parking associated with their condo unit is crucial to ensuring clarity, proper contract preparation, and avoiding last-minute surprises.
Use this checklist when working with buyers purchasing a condominium property that includes or may include a parking stall.
Titled Parking - Solid Line
Titled Parking - Solid Line
Designated a legal unit number on the condominium plan
Issued as a separate title from the residential unit
Taxed separately each year
Survey plan shows stall with solid lines and specific measurements
Condo corporation may restrict sale of the titled unit (check bylaws)
Leased Parking - Delineated
Leased Parking - Delineated
Delineated Leased Parking: Shown with dashed lines on survey plan
Lease typically fixed term (e.g., 25 years)
Lease may transfer with the sale (check bylaws)
Leased Parking - Non Delineated
Leased Parking - Non Delineated
Non-Delineated Leased Parking: Solid line around entire parking area
Use tied to unit ownership
Lease terminates upon sale; new owner must renegotiate
Assigned Parking - Common Area
Assigned Parking - Common Area
Common property managed by the condo corporation
No title or individual tax bill
Stall assigned by the board (assignment may change)
Survey plan shows open space, no delineated stalls
✅ Supporting Documents to Obtain
✅ Supporting Documents to Obtain
Finding a Parking and/or Storage Title:
Search SPIN II using the unit title number
Add +1, +2, +3 to the title number for potential additional titles
If results are unclear, contact the listing agent, owner and or the property management company
🛠️ Best Practices
🛠️ Best Practices
Never assume a parking stall is included – verify documentation.
Physically verify the stall location with the buyer.
Always match the legal description in the offer.
Educate your buyer about possible reassignment or lease renegotiation.
Direct buyers to a professional condominium document review company for full document interpretation.
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