Unbundled parking definition

Unbundled parking means a requirement that parking spaces for each unit in a development be leased or sold separately from the unit itself. That requirement must include requirements for the parking space(s) to be rented or sold at market rates for comparable local off-street parking, and for the renter of the unit to be able to opt out of renting or buying the parking space(s);
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Unbundled parking means a requirement that parking spaces for each unit in a development be rented, leased, or sold separately from the unit itself. The parking space(s) must be rented, leased, or sold at market rates for comparable local off-street parking. The renter, lessor, or buyer of the unit must be allowed to opt out of renting, leasing, or buying the parking space.
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Unbundled parking means a requirement that parking spaces for each unit in a development be rented,
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Examples of Unbundled parking in a sentence

  • Unbundled parking for all other uses is encouraged and shall be explored as part of the Plan.

  • CG-DFI based procedures are enabled or disabled for unlicensed using one RRC parameter i.e. cg-RetransmissionTimer-r16 Note: Procedures based on CG-UCI rely on UE including CG-UCI in CG PUSCH at least as in Rel-16 where the values of the respective fields of CG-UCI are decided by UE.

  • The project’s TDM strategies could include:• TDM coordination and communications;• Bicycle and pedestrian network improvements and on-site facilities;• Pedestrian oriented design and multimodal wayfinding;• Transit pass program;• Car share program;• Unbundled parking; and/or• Parking preference program.Measure #6 calls for passive-solar design.

  • The number of required spaces is important economically because the cost of each space adds to development costand can increase rents or sales price.X Does the city require or allow unbundledparking (paid separate from unit rent)?X Unbundled parking can help reduce housingcost.

  • Unbundled parking in residential dwellings (i.e. the cost to park a car is separate from unit rent) can make units more affordable for those who do not drive and prefer not to own a car.

  • This study considers shared parking as critical to the overall parking strategy. Unbundled Parking: Unbundled parking separates the cost of housing and parking.

  • Unbundled parking requires buildings to have their parking spaces leased or sold separately from the rental or purchase of dwelling units.

  • The property owner of a residential building with twenty (20) or more dwelling units is required to provide the following:• Posted mobility management information,• Distributed mobility management information, and• Unbundled parking (spaces rented, leased, or sold as an option rather than a requirement of the rental, lease, or purchase of a dwelling unit or non-residential floor space).

  • Unbundled parking can also make more efficient use of existing underused parking, particularly in downtown areas.

  • Unbundled parking leases shall be provided for market rate residential units and commercial tenant spaces.


More Definitions of Unbundled parking

Unbundled parking means to separate the cost of leasing parking spaces from the cost of leasing building space.
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Unbundled parking means a requirement that parking spaces for each unit in a development be rented, leased, or sold separately from the unit itself.
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Unbundled parking means that the cost to rent, lease, or purchase a dwelling or commercial space is separate from the cost to rent, lease, purchase, or otherwise use parking spaces."
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Related to Unbundled parking

  • Garage shall have the meaning ascribed to it in Recital H;

  • Drainage area means a geographic area within which stormwater, sediments, or dissolved materials drain to a particular receiving waterbody or to a particular point along a receiving waterbody.

  • Basement means any area of the building having its floor subgrade (below ground level) on all sides.

  • Building means any structure used or intended for supporting or sheltering any use or occupancy.

  • Buildings means any and all buildings, structures, garages, utility sheds, workrooms, air conditioning towers, open parking areas and other improvements, and any and all additions, alterations, betterments or appurtenances thereto, now or at any time hereafter situated, placed or constructed upon the Land or any part thereof.

  • parking meter means an apparatus for use on or in the vicinity of a parking place for indicating, as respects a space provided at that parking place for the leaving of vehicles, whether the initial charge has been paid and whether the period for which payment was made by the initial charge has expired;

  • Uppermost aquifer means the geologic formation nearest the natural ground surface that is an aquifer, as well as lower aquifers that are hydraulically interconnected with this aquifer within the facility's property boundary.

  • Generator means a device that produces electricity.

  • Amenities “Amenities” are those areas specifically set forth in the Rules and Regulations for the Community.

  • Common Area means all areas and facilities within the Project that are not designated by Landlord for the exclusive use of Tenant or any other lessee or other occupant of the Project, including the parking areas, access and perimeter roads, pedestrian sidewalks, landscaped areas, trash enclosures, recreation areas and the like.