You start your home search with a parking space as part of your criteria. And then you see the perfect condo, but it has what’s defined as “leased parking.” What’s that all about?
The SF Realtor Association changed the data fields in the MLS a few years ago to include leased parking and its related details in a given listing. Previously, you either had some type of deeded parking, or not. Some agents indicated “1L” in the data field, which resulted in listings showing a parking space that technically wasn’t going to be sold with the unit. So the leased parking fields are a good thing, in my opinion.
When it comes to parking, either you have a space included or not. There are variations on parking that comes with a unit, such as deeded, assigned, tandem or independent style. Continue Reading