ASSIGNED SPACE


of the governing documents of the association upon recording in the public records.


The amendmendment must be entered in public records.


Assigned Parking and Storage


The last type of space is “assigned space.” Assigned spaces are not owned by any specific unit owner, rather they are owned by the association and are similar to any other amenity owned by the association.


Assigned spaces are owned by the association and are similar to any other amenity.


Assigned spaces are typically assigned based on the provisions in the governing documents and may come with additional fees and restrictions on subleasing the space. Assigned spaces are not transferable units of ownership because they do not belong to any individual unit owner.


Legal Counsel


If you are considering a transfer or exchange of a parking or storage space, contact legal counsel to determine the correct process and to assist with the necessary documents and recording.


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