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Updated about 9 years ago on . Most recent reply

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7
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1
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Douglas Altman
  • Waycross, GA
1
Votes |
7
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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
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156
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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. 

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