Hi Guys!
I have purchased a unit in the North Sydney area, and was told by the EC that renting my carspace seperatelly is not allowed, even tho there are no by laws against it, they say the council itself doesn't allow to rent car spaces to people not actually living in the complex (!?), which to me seems very odd.
Their reason is security (everyone can access the building from the basement, all cars share the same secure area) which I understand but with respect I bought the unit for investment and intend to make money. the tenants don't use the carpark and probably wouldn't mind me renting it out if I asked them politely.
Does anyone know what the strata law says in the matter? is it really something that is imposed by council?
As a side question, I am curious to know how much does an apartment with carspace (inner city with parking restrictions) fetch compared to an apartment without one?
Cheers
Guy
I have purchased a unit in the North Sydney area, and was told by the EC that renting my carspace seperatelly is not allowed, even tho there are no by laws against it, they say the council itself doesn't allow to rent car spaces to people not actually living in the complex (!?), which to me seems very odd.
Their reason is security (everyone can access the building from the basement, all cars share the same secure area) which I understand but with respect I bought the unit for investment and intend to make money. the tenants don't use the carpark and probably wouldn't mind me renting it out if I asked them politely.
Does anyone know what the strata law says in the matter? is it really something that is imposed by council?
As a side question, I am curious to know how much does an apartment with carspace (inner city with parking restrictions) fetch compared to an apartment without one?
Cheers
Guy