Visitor car space rental

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  • 11/05/2019 at 11:29 am #37546 Reply | Quote
    Luke
    Flatchatter

      A member of the EC is proposing to rent out half of our visitor car spaces and use the money to offset Strata fees.

      Our building is a mix of residential and commercial and has approx 40 units. There are approx 10 visitor car spaces.

      My main concern are:-

      Is this legal? Surely there is some council regulation that there must be a minimum number of visitor spaces available to take cars off the street.

      How would the income be distributed? Each unit would recieve some revenue (per unit entitlement) which I assume would have to be declared as taxable income? Or can the strata just offset this against outgoings?

      Any advice would help, Thanks

    • Creator
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    Reply To: Visitor car space rental
    PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.

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