How HOAS can keep the park­ing peace

George Herald - Private Property - - Property News - Is­sued by Real­net

While most homes in clus­ter com­plexes, es­tates and other gated com­mu­ni­ties come with at least one garage or car­port, res­i­dents would of­ten like ad­di­tional per­ma­nent park­ing or stor­age ar­eas for things like trail­ers, bikes, boats and car­a­vans. “The trou­ble is that there is usu­ally not enough space to cre­ate an ex­tra park­ing bay or stor­age unit for ev­ery house­hold - and a scram­ble for the ex­ist­ing spa­ces can cause con­flict between home­own­ers,” notes Ger­hard Kotzé, MD of the Real­net es­tate agency group, which pro­vides pro­fes­sional prop­erty man­age­ment and let­ting ser­vices as well as prop­erty sales ex­per­tise.

“How­ever, the home­own­ers’ as­so­ci­a­tion (HOA) can pre­vent this by pass­ing a res­o­lu­tion not to al­low any­one to have ‘ex­clu­sive use’ of any lim­ited amenity with­out pay­ment of rent to the HOA - which can be used to help keep ev­ery­one’s monthly as­sess­ments or levies down.”

The rental charged, he says, should be based on lo­cal park­ing and stor­age rates, and for prac­ti­cal rea­sons, the HOA should lease the spa­ces and col­lect the rent an­nu­ally. This is par­tic­u­larly true of space leased for hol­i­day ve­hi­cles like car­a­vans, where renters would prob­a­bly pay only for part of the year if they could, leav­ing an un­paid vacancy while they travel.

“Rent­ing a year at a time also en­sures a steady in­come stream for the HOA, and col­lect­ing the rent an­nu­ally re­duces HOA book­keep­ing.”

Kotzé also says that mul­ti­ple rentals by one owner should not be al­lowed un­less sup­ply should for some rea­son ex­ceed de­mand - and then only if the HOA re­serves the right to re­view the sit­u­a­tion an­nu­ally. “Reap­por­tion­ing lim­ited ameni­ties when de­mand again ex­ceeds sup­ply is only fair. In ad­di­tion, HOA ameni­ties should gen­er­ally not be leased to non-res­i­dents. Se­cu­rity could eas­ily be com­pro­mised by do­ing so and be­sides, the HOA would have lit­tle or no re­course against non-res­i­dents who de­faulted on rent or caused dam­age.”

The trou­ble is that there is usu­ally not enough space to cre­ate an ex­tra park­ing bay or stor­age unit for ev­ery house­hold

Photo: www.cloud­front.net

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