Off Site Parking Restrictive Declaration

OFF SITE PARKING RESTRICTIVE DECLARATION. This form is used by a Declarant who is the fee owner of two parcels of land in the City and State of New York (Parcel A and Parcel B). The purpose of the declaration is to address the use of Parcel A's parking area (Parking Lot) as accessory off-site parking for a new building or an alteration to an existing building on Parcel B. The Declarant agrees to reserve a specified number of parking spaces in the Parking Lot for the Building on Parcel B, complying with zoning regulations. Key points covered in the declaration include the reservation of required parking spaces, the maintenance and accessibility of the off-site parking area, restrictions on modification or termination without the Department of Buildings' consent, the binding nature of the covenants, potential consequences for non-compliance, and the recording of the declaration at the city register's office. The document concludes with the Declarant's execution and a notary acknowledgment. www.FormsWorkflow.com