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Old 04-19-2015, 03:04 PM
 
1 posts, read 663 times
Reputation: 10

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Hi all,

I am buying a condo in Miami and have already signed the contract, tomorrow it is due my deposit and I have a question. The advert online states the condo comes with one parking space assigned however there is no info on that in the contract and I missed that when signed it. Space for parking spaces is blank.

My realtor is trying to contact the broker to check why this info is not in contract and what is parking space # assigned to that unit but gets no response, which I find weird. I am renting a unit in the same building and all apartments get assigned minimum one parking space but I wonder if seller might be considering keeping that parking space for himself (he owns other units in same building and himself lives there) however street parking is not allowed in the whole gated community.

Could owner have forgotten about this or could he be trying to sell the unit with no parking? I think the latter would not be possible since I would not be able to park my car. My contract states I have 3 days to cancel the contract. If I'd do this due to lack of clarity with the parking space, would I lose the $5,000 deposit I have to make to my realtor?

Anybody's been in same situation?
Many thanks!!
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Old 04-19-2015, 03:21 PM
 
1,049 posts, read 2,397,636 times
Reputation: 1366
I would have the space added to the contract before giving over any deposit.
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Old 04-20-2015, 09:01 AM
 
2,600 posts, read 5,442,327 times
Reputation: 2387
The advert online states the condo comes with one parking space assigned, well then have them add it to the contract and also print a copy of the online ad just in case they change something.
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Old 04-24-2015, 12:59 AM
 
6,359 posts, read 7,321,320 times
Reputation: 10807
Well, did they add the parking space into your contract?
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Old 04-24-2015, 01:28 AM
 
33,046 posts, read 20,708,082 times
Reputation: 8928
Quote:
Originally Posted by jackmichigan View Post
Well, did they add the parking space into your contract?

I'm guessing not. That blank space was not an oversight.
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Old 04-24-2015, 02:36 AM
 
385 posts, read 354,423 times
Reputation: 1019
Quote:
Originally Posted by AASA View Post
Hi all,

I am buying a condo in Miami and have already signed the contract, tomorrow it is due my deposit and I have a question. The advert online states the condo comes with one parking space assigned however there is no info on that in the contract and I missed that when signed it. Space for parking spaces is blank.

My realtor is trying to contact the broker to check why this info is not in contract and what is parking space # assigned to that unit but gets no response, which I find weird. I am renting a unit in the same building and all apartments get assigned minimum one parking space but I wonder if seller might be considering keeping that parking space for himself (he owns other units in same building and himself lives there) however street parking is not allowed in the whole gated community.

Could owner have forgotten about this or could he be trying to sell the unit with no parking? I think the latter would not be possible since I would not be able to park my car. My contract states I have 3 days to cancel the contract. If I'd do this due to lack of clarity with the parking space, would I lose the $5,000 deposit I have to make to my realtor?

Anybody's been in same situation?
Many thanks!!

Contracts in the South Florida area rarely indicate the parking space number, for every 100 contracts I see, maybe 1 has the number listed.

If the condos have assigned parking, then a space transfers with the unit, and it is up to the association to assign the parking spot. If the parking space is separately deeded, then it would need to be included in the contract.
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Old 04-28-2015, 11:34 AM
 
Location: New York
2,251 posts, read 4,160,232 times
Reputation: 1607
The Condos I have seen have assigned parking spaces with the condo number painted in the space.
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