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City of Toronto - Anyone know what this clause says
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Topic: City of Toronto - Anyone know what this clause says (Read 10692 times)
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Dave2
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City of Toronto - Anyone know what this clause says
«
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
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NDR
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Re: City of Toronto - Anyone know what this clause says
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Reply #1 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.
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City of Toronto - Anyone know what this clause says