Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 almost 9 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...