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A member of the EC is proposing to rent out half of our visitor car spaces and use the money to offset Strata fees.
Our building is a mix of residential and commercial and has approx 40 units. There are approx 10 visitor car spaces.
My main concern are:-
Is this legal? Surely there is some council regulation that there must be a minimum number of visitor spaces available to take cars off the street.
How would the income be distributed? Each unit would recieve some revenue (per unit entitlement) which I assume would have to be declared as taxable income? Or can the strata just offset this against outgoings?
Any advice would help, Thanks
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