From experience, can anyone tell me if the 'extra' parking space can then be sold on seperately?
Folks,
Some parking spaces in my apartment complex have recently been offered for sale, and I'm looking at purchasing.
My main question is, what exactly would I be buying - ie; a leasehold similar to the apartment, or is this done differently? I'm in the apartment 2 years, would this kind of purchase still warrant solicitor involvement?
From experience, can anyone tell me if the 'extra' parking space can then be sold on seperately?
Thanks,
Tom
Slightly off subject but a couple of years ago my brother in law lived in an appartment beside an old lady who hadn't a car. He used park in her spot and he leased out his own spot. AFAIK (pretty certain on this) he didn't declare this income
Did she mind him using her space? Did he split the rental income from his space with her?
A couple of years ago my brother in law lived in an apartment beside an old lady who hadn't a car. He used park in her spot and he leased out his own spot. AFAIK (pretty certain on this) he didn't declare this income
She didn't know as parking was in basement under the building and no he didn't split the rent with her.
He sounds like a nice upstanding kinda guy.
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