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Old 06-28-2010, 11:02 AM   #1
mykalberta
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Default Real Estate Law - Titles Question

Hello

I live in a condo, with 2 separately titled underground parking stalls.

Just wondering if the its possible/what the process is/what it would cost to remove the separate titling off my parking stall(s) and have it be titled with the condo. Also is it cheaper to do both parking stalls together or is there a fee for each, ideally I would like to keep one as separately titled if I decide to sell it.

It really pisses me off that I have to pay for property tax on an underground parking stall when I dont even have the option of parking on the street if I didnt have a stall.

Thank you.
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Old 06-28-2010, 11:11 AM   #2
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as a condo lawyer, I can say the chances of you doing this are less than 0%. This would affect the unit factor allocation and would require an amendment of the condominium plan. Not impossible, but very expensive, time consuming and practically impossible for you to do by yourself. Further, the value of your condo unit would be increased accordingly and you would end up paying more in property tax. You can't avoid paying the tax.

When you sell, simply only include one stall in the sale. Pretty easy practice and not that uncommon.
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Old 06-28-2010, 11:18 AM   #3
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I guess its one of those things. When you rent and dont live in a condo you think wow who would ever live in a house. Then you actually live in a condo and then you wonder why anyone would live in these dumps as other than location and price for one person there is no good reason not to own a house if you can afford it.
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