Jadedone4 (Virginia)
Posts: 495
Posts: 495
Posted:
My HOA is considering "renting" certain spaces within the community to owners on an annual basis. The logic is that this would be similar to creating temporary "exclusive" use of the clubhouse/pool/louge, etc. The parking spaces would be placed in a "lottery" system with owners desiring a space having probability to rent a space based on selection and annual fee.
I gotta be square here - I hate the idea and believe it a bad idea; but as Board President, I am trying to be objective here.
In my mind "cons" are...
a. with current RE market community is about +/- 65% non-resident owners, and this is a single family, townhome, condo sub-development.
b. There are on two major clusters of parking spaces, all other spaces are limited to 5-7 car lanes - community is spread out and the available parking is also. However 90% of the internal roadways/streets are designated fire lanes, because of the density - therefore, extremely limited "street parking." Begs the question of "how" do you determine which spaces are designated "rented" spaces, out of 5-7 spaces servicing 12-15 homes?
c. with "a" above any multiple unit owner, would be afforded multiple chance to get a space - generally do not believe that would "unfair" just doesn't seem "right." The HOA is already grappling with the rental issues (more folks in units, then boy/girlfriend shows up spends countless nights, burden to already limited visitor parking. Folks are maxing out on driveway/garage parking does not equal number of vehicles, etc.
The presented "pro's" have been additional "revenue" for the HOA, as the spaces should be considered "prime real estate" owned by the HOA, and desired by members. Standard issue/problem for most new developments - developer wanted more land for houses, used the absolute baseline/minimum for parking (to include garages/driveways); however, owners have more vehicles then above.
HOA atty's have said that the HOA "can" do the above (rent spaces), however, not completely convinced that we "should" do it.
Any "both sides of the coin" experiences on here...?
Apologize for any "bias" I have in this in advance - just raised to believe that you purchase a home to accomodated your existing needs, and if you have "extra" vehicles, YOU find a solution for your situation, and not expect the HOA to solve the issue.
** Parking is about to be taken over by the retiring Tony Soprano, will we get a "offer youse don't want to refuse...?"
I gotta be square here - I hate the idea and believe it a bad idea; but as Board President, I am trying to be objective here.
In my mind "cons" are...
a. with current RE market community is about +/- 65% non-resident owners, and this is a single family, townhome, condo sub-development.
b. There are on two major clusters of parking spaces, all other spaces are limited to 5-7 car lanes - community is spread out and the available parking is also. However 90% of the internal roadways/streets are designated fire lanes, because of the density - therefore, extremely limited "street parking." Begs the question of "how" do you determine which spaces are designated "rented" spaces, out of 5-7 spaces servicing 12-15 homes?
c. with "a" above any multiple unit owner, would be afforded multiple chance to get a space - generally do not believe that would "unfair" just doesn't seem "right." The HOA is already grappling with the rental issues (more folks in units, then boy/girlfriend shows up spends countless nights, burden to already limited visitor parking. Folks are maxing out on driveway/garage parking does not equal number of vehicles, etc.
The presented "pro's" have been additional "revenue" for the HOA, as the spaces should be considered "prime real estate" owned by the HOA, and desired by members. Standard issue/problem for most new developments - developer wanted more land for houses, used the absolute baseline/minimum for parking (to include garages/driveways); however, owners have more vehicles then above.
HOA atty's have said that the HOA "can" do the above (rent spaces), however, not completely convinced that we "should" do it.
Any "both sides of the coin" experiences on here...?
Apologize for any "bias" I have in this in advance - just raised to believe that you purchase a home to accomodated your existing needs, and if you have "extra" vehicles, YOU find a solution for your situation, and not expect the HOA to solve the issue.
** Parking is about to be taken over by the retiring Tony Soprano, will we get a "offer youse don't want to refuse...?"