If it’s to be rented by a resident who owns the spot, as long as the bylaws don’t restrict the rental, I’d suggest they can rent it for whatever they can get for it ($50 seems low depending on your location). One issue I had when I rented my parking space (in Toronto) was that I had to give the renter a key fob so they could get access into the building. If you don’t have a ‘policy’ in place regarding your parking spaces or how to manage access to non-residents, it might be wise to require the unit owner to provide the contact name and details from the parking spot renter (similar to the need for the information on a tenant being required). I don’t think you’d need to include this in a bylaw change, a policy that clarifies it should suffice.
Chris V on May 02 2018 at 09:38 PM