What are the considerations and procedures for buying a second-hand parking space?
2 Answers
Buying a second-hand parking space involves the following considerations and procedures: Considerations: When purchasing a second-hand parking space, first ensure that the space can obtain a property ownership certificate. Additionally, verify whether the parking space belongs to a civil air defense garage that is prohibited from sale. It's also important to include detailed terms related to the parking space in the purchase contract. Note that provident fund loans cannot be used to buy second-hand parking spaces, so buyers should prepare sufficient funds. Required procedures: The seller must provide the property ownership certificate, sales contract, personal identification documents, household registration booklet, and information about co-owners of the parking space, among other necessary documents. The buyer needs to provide personal identification and household registration booklet. If a loan is required for the purchase, additional documents such as proof of income, stable employment, and other bank-required materials must be submitted.
I previously bought a used parking space in my residential area and realized that choosing the right location is half the battle. It's best to pick one close to the unit door or elevator to avoid long walks after parking. The ground should be flat without bumps to prevent tire damage, especially after rain when water pooling can cause slipping. When signing the contract, scrutinize the property rights duration, any mortgages, or disputes—my lesson was hiring an agent to check records, avoiding future conflicts. The transfer process is straightforward: prepare your ID and the original parking space certificate, sign a transfer agreement with the property management, pay in full, and receive the new certificate in a few days. Compare prices with neighbors to avoid overpaying. For safety, check if surveillance cameras work and ensure nighttime lighting to prevent theft. Clarify who pays the monthly property fees to avoid inheriting debts. Regular cleaning and keeping the space dry can extend its lifespan and protect your car. In short, prioritize practicality and observe carefully before committing.
