Saturday, October 2, 2010

what are differences between exclusive, owned and rented parking.

 When you buy your condo , parking or locker that comes with it can be owned, exclusive or rented. Owned parking means that you are purchasing a parking space with seperate deed. It is yours and you can sell it as you please. So if you buy a condo with two parkings and then you decided that you do not need one you can just put it on the market and sell it seperately to the unit. Exclusive use means that you are assigned a parking spot that is for your own and only use as long as you own condo condo. Rental parking means that there is no parking sold with the unit but it is sometimes available but for which you need to pay extra monthly fee.

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