I’ve purchased one of two flats in a building where the builder allotted a stilt parking space for both units to a single owner. Now, the other owner wants to give up their parking rights. What documents are needed to transfer these rights to me, and is it even possible? Any advice you can provide would be greatly appreciated.
Best Answer
In India, parking rights are typically governed by the Apartment Bylaws and the Sale Agreement. You’ll need a written agreement signed by both you and the other owner, relinquishing their parking rights and assigning them to you. This agreement should be registered with the relevant authorities and the apartment association. However, transferring parking rights may require approval from the association or builder depending on the specific bylaws. Consulting a lawyer to ensure proper legal procedure is advisable.
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