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

Yes, there are restrictions on how much you can charge for guest parking in your condo complex in North Carolina. The North Carolina Condominium Act protects North Carolina condo owners from unreasonable guest parking charges. The act states that the condo homeowners association can establish reasonable fees for guest parking, which must be clearly stated in the association’s rules. The fees should not be so high as to unreasonably limit the use of guest parking by owners, renters, or visitors. For example, if the association is charging a fee of $25 per month for guest parking, it could potentially be challenged as too high and not in compliance with the North Carolina Condominium Act. The association should evaluate their fee structure and decide if it’s reasonable enough for the average owner, renter, or visitor. In addition, it’s important to remember that the association cannot charge for parking that was previously free or not previously charged. This means you cannot charge for guest parking if it was free before the association’s rules were established. Overall, it’s important to understand the regulations of the North Carolina Condominium Act when setting fees for guest parking. It’s important to be aware of the limits and to ensure that the fees are reasonable for all who use the guest parking.

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

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