Are there restrictions on how much I can charge for guest parking in my condo complex?

In California, there are certain restrictions on how much a condo complex may charge for guest parking. Under California Civil Code §4725, condo owners may set fees for guests to pay in order to park in the complex. The maximum allowable fee is $10 per day, or $25 per week, whichever is less. This fee must be reasonable and necessary to cover a portion of the costs associated with visitor parking, such as any additional security personnel or the cost of parking repairs and maintenance. The condo owner may also set a fee for monthly parking passes that allows guests to park in the complex for more than a week. This fee should not exceed $50 per month. Additionally, condo owners have the option of charging guests for lost parking permits. The fee for a misplaced or stolen parking permit should not exceed the cost of a new parking permit. Ultimately, it is important to remember that the charges should remain reasonable, as overly high fees may be subject to legal action by tenants. Condo owners should consult with their legal counsel before establishing guest parking fees in order to ensure that they are in compliance with California Civil Code §4725.

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Are there restrictions on how much I can charge for guest parking in my condo complex?

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