Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago on .
![Herbert Wu's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/498167/1694841931-avatar-herbertw3.jpg?twic=v1/output=image/cover=128x128&v=2)
Easement agreement for parking spots or not?
Hi,
I am interested in buying a small commercial property, but the owner recently sold a portion of the lot to a condo developer. The sold portion of the lot including 5 parking spots for the existing tenants. In the purchase agreement, the condo developer in one sentence promised 5 parking spots to be reserved for the commercial property once his construction is done.
I am concerned that once the developer sells his new condo complex to a new owner, the new owner may take the 5 parking spots back.
So before I purchase this property, should I ask current owner and the condo developer to create some type of easement agreement so that these 5 parking spots are guaranteed for the small commercial property no matter what happens in the future?
Thanks
Herbert