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

In Maine, there are restrictions on how much a condo complex can charge for guest parking. According to the Maine Condominium Act, Maine condo associations have the authority to charge for visitor parking, but the amount of the fee must be "fair and reasonable." Generally, the fee should not exceed the amount needed to cover the cost of providing parking for the guest. The fee also must not be used for the purpose of generating revenue for the condo association, unless the condo documents expressly authorize the use of guest parking fees as a source of revenue. The fee must be applied equally, and should not be discriminatory based on frequency of usage. In addition, the condo complex must provide written notice to unit owners and lessees of any fee charged for guest parking and the reasons for the fee. The condo association is also responsible for collecting and managing guest parking fees. If a condo complex chooses to include parking fees in its rent, the notice must inform renters of the additional cost. Therefore, if you are the owner of a condo complex in Maine, you must be aware of all the restrictions on how much you can charge for guest parking. The fee should be reasonable, and it should not be used for the purpose of generating revenue. The condo complex must provide written notice of the fee and its purpose to all unit owners and lessees.

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

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