12:44 PM 01/18/2013
A long saga, for sure. But I'll try to be brief. Closed on an apt in a 24 unit building back in the summer of 2011. Rear yard deeded parking egress is through a neighborhing building, which got its C of O after ours, and were told there would be a wait between apartment closing and parking closing. The neighborhing building's parking is occupied and in use, but those of us in this building have yet to close on the spots we are in contract on. So the concrete pad just sits empty for 8 spots. The sponsor/developer claims they're going back and forth with the AG to clear up some issues on the offering plan (developer went with a budget attorney... and we are all still paying the price for this comedy of errors). Obviously the developer wants the money from these closings and we want our parking spots.
Since no one (developer, RE agent, online docs) seem able to clarify what's up, and we keep hearing 'next week', is there any rationale to calling the AG's office as a resident of the development? Any other thoughts/advice? Thanks!
I have no legal advice, but why don't you rent the spot from the sponsor on a month to month basis for $1/month until you can close? It's silly that they stay empty.....Also, now that you have to close separatley on the parking im assuming you cannot roll it into your primary mortgage which would have been nice. It's tough to finance parking spots on their own....
5:11 PM 01/18/2013 | 0 Votes
I don't have any direct experience here, but would be very careful about calling the AG's office. It is entirely possible that you could say the wrong thing (completely unintentionally) and derail or further delay the process. YTE seems to have a reasonable suggestion. Frankly, it is odd that the developer won't just let you park on what will eventually be your parking space. Have you asked?
3:11 PM 01/20/2013 | 0 Votes