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 > Renting out a parking spot on my property...?

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d3500ram

Colorado

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Posted: 11/23/21 04:53pm Link  |  Quote  |  Print  |  Notify Moderator

So a person is posting an ad on CL looking for a parking space for the winter. I have room, but am seeking opinions and thoughts. I am in unincorporated county and have room.
I asked colleagues in my office and we discussed possible negatives.

From the ad:
Hi I am looking for a place to park my Sprinter Van over the winter (not living in it). The van is 19.5' bumper to bumper Looking around {the} County please let me know if you have something available and we can discuss pricing.

I am trying to anticipate any problem or issues.

"What if he gets stuck?" It is a fairly level area with a slight slant. I have no issues with my truck, but I am not familiar with the capabilities of a 2WD sprinter. If 4WD it should not be an issue.

"What about snow plows pushing snow into the access point" It would be up to the owner to be responsible for his needs. I would do minimal clearing to the road but nothing around his vehicle.

"What about damage sustained to his vehicle?" It would be on his dime... just like any other parking lot.

One comment was "what if he squats and refuses to leave?" Good question, but it is in a field north of my house on a county road. If that were the case, I would have my excavator pull it out on to the road and then it would be between the sheriff and the owner.

What say you?

Crowe

Merrimack, NH

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Posted: 11/23/21 05:13pm Link  |  Quote  |  Print  |  Notify Moderator

What if it gets stolen/vandalized-are you liable?
What if he tries to live in it even though he says otherwise?
How much access are you going to allow him? 7x24? Does he have to tell you he's coming?
What if other squatters try to get in it?
Will he maintain registration/insurance?


I may not have gone where I intended to go, but I think I have ended up where I needed to be Douglas Adams

RV-less for now but our spirits are still on the open road.

rk911

DuPage County

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Posted: 11/23/21 05:38pm Link  |  Quote  |  Print  |  Notify Moderator

it's likely you don't have the right kind of insurance to protect your interests. call your insurance agent and see what s/he has to say. betcha you'll need a commercial policy not to mention zoning issues.


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d3500ram

Colorado

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Posted: 11/23/21 05:55pm Link  |  Quote  |  Print  |  Notify Moderator

It is zoned R-2, unincorporated county, no HOA or any other private AHJ. Not worried about neighbors making an issue... heck, my next door neighbor keeps plows and excavators in his driveway because of not being within a municipal entity.

But, good advice to check my homeowners insurance.

jetboater454

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Posted: 11/24/21 12:31am Link  |  Quote  |  Print  |  Notify Moderator

I'm thinking they are looking for covered storage because they gave the length.


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way2roll

Wilmington NC

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Posted: 11/24/21 05:54am Link  |  Quote  |  Print  |  Notify Moderator

Space is a wonderful thing. And if you have it and others want it, it's valuable. From Soccerplexes to boat and rv storage. I wouldn't over think this. If you want to entertain the idea, draw up a simple contract with the terms. Pricing, access times, length of the contract, he can't live in it, you aren't responsible for theft or damage, etc. etc. And both sign it and make him a copy. Pretty much the same contract any boat or rv storage has. You can probably find one on the net. Easy. Be candid and transparent with your concerns and let him make the decision on risk. You get cash for doing essentially nothing. I do love passive income.


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d3500ram

Colorado

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Posted: 11/24/21 10:16am Link  |  Quote  |  Print  |  Notify Moderator

So I spoke with my insurance agent this morning, one reason that I still have a local bricks and sticks agent is to discuss minor questions such as this. As a result of the conversation I decided, from a liability standpoint, it is not worth the risk for me.

The part of my property that I would allow access is not a defined vehicular spot; it is not a driveway or similar, it is just a part of field/ lawn/ grassy spot. There are vole holes and ant hills around. While the ants are dormant, the potential to twist an ankle in one of the hills or holes is quite possible.

The potential to make a few hundred bucks is not worth any potential claim against my homeowners policy. If it were some sort of "defined" spot for which a vehicle could be parked then I would entertain the thought more.

Thanks for comments.

PA12DRVR

Back in God's Country

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Posted: 11/24/21 10:29am Link  |  Quote  |  Print  |  Notify Moderator

OP: That's the correct choice. Lots of little things that can add up to big things: i) a contract would need to be drafted to ensure a lease is being entered, not a bailment; ii) most jx have specific provisions on abandoned vehicles that don't allow self help; and iii) not only the "generic" liability, but catastrophic liability (i.e. leading to a total loss of the vehicle) would likely not be covered without specific addenda to your insurance policy. All the risks aren't worth the relatively minor revenue.


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rk911

DuPage County

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Posted: 11/24/21 03:54pm Link  |  Quote  |  Print  |  Notify Moderator

d3500ram wrote:

So I spoke with my insurance agent this morning, one reason that I still have a local bricks and sticks agent is to discuss minor questions such as this. As a result of the conversation I decided, from a liability standpoint, it is not worth the risk for me.

The part of my property that I would allow access is not a defined vehicular spot; it is not a driveway or similar, it is just a part of field/ lawn/ grassy spot. There are vole holes and ant hills around. While the ants are dormant, the potential to twist an ankle in one of the hills or holes is quite possible.

The potential to make a few hundred bucks is not worth any potential claim against my homeowners policy. If it were some sort of "defined" spot for which a vehicle could be parked then I would entertain the thought more.

Thanks for comments.


good decision. happy thanksgiving!

Lightning55

Pleasanton, CA

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Posted: 11/29/21 11:07am Link  |  Quote  |  Print  |  Notify Moderator

d3500ram wrote:

So I spoke with my insurance agent this morning, one reason that I still have a local bricks and sticks agent is to discuss minor questions such as this. As a result of the conversation I decided, from a liability standpoint, it is not worth the risk for me.

The part of my property that I would allow access is not a defined vehicular spot; it is not a driveway or similar, it is just a part of field/ lawn/ grassy spot. There are vole holes and ant hills around. While the ants are dormant, the potential to twist an ankle in one of the hills or holes is quite possible.

The potential to make a few hundred bucks is not worth any potential claim against my homeowners policy. If it were some sort of "defined" spot for which a vehicle could be parked then I would entertain the thought more.

Thanks for comments.


Smart call. It's not worth the potential exposure to liability.

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