Ontario Tax Sale Property Forum

Tax Sale Forum => General => Topic started by: Dave2 on June 11, 2016, 05:53:48 PM

Title: City of Toronto - Anyone know what this clause says
Post by: Dave2 on June 11, 2016, 05:53:48 PM

For upcoming Toronto Condo Parking lots this clause applies:

Residential Condominium Parking Units

Article Iv, Clause 3 Of Instrument No. D302666, Registered In The Toronto Land Registry Office, Contains Restrictions On The Sale Or Transfer OF PARKING UNITS

Anyone know what it says?

Dave2

Title: Re: City of Toronto - Anyone know what this clause says
Post by: NDR on June 20, 2016, 03:54:17 PM

Without looking it up, I'd bet a donut that it restricts the sale of a parking unit to only those who own a residential unit within the building.  I.E., you can't sell parking spots or lockers on their own and they need to be 'merged' with a living space.

I have a unit in a building that made this a requirement not long ago.