Skip to content
×
PRO Members Get
Full Access
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
~$5,000+ potential annual savings on vetted partner products
10+ deal analysis calculators with ready-to-share reports
Lawyer-reviewed leases for every state ($99/package value)
Pro badge for priority visibility in the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Douglas Altman
  • Waycross, GA
1
Votes |
7
Posts

Commercial property\ community parking

Douglas Altman
  • Waycross, GA
Posted

I could use some advice on community parking issues in a shopping center. I recently purchased a commercial property which is a car wash located in a busy Shopping Center in St Marys Georgia. I was contacted buy another business owner in a shopping center who wants me to sign some paperwork dissolving what seems to be like an HOA for these commercial businesses in the shopping center. There are deed restrictions and Covenants in place that say we share in the maintenance and upkeep of the common areas for parking and share them. I've spoke to several of the other business owners and they all seem to think it's a good idea to dissolve this I'm the new guy in the shopping center and I'm not sure what the repercussions would be. With no rules in place would it just be a free-for-all no one seems to have the answer who would be responsible? Has anyone else had experience like this?

Most Popular Reply

User Stats

306
Posts
156
Votes
Ethan Atkinson
  • Investor
  • Athens, GA
156
Votes |
306
Posts
Ethan Atkinson
  • Investor
  • Athens, GA
Replied

Is there no landlord or property manager?  Does each Buisness have a "condo?"  Or is there one main Owner? Could be plenty of negative long term impact without a good, clean, maintained parking situation. 

Loading replies...