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A salesperson negotiates the purchase of a retail property for their client, who plans to...

Humber College PREX-1060A Full Course Access
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A salesperson negotiates the purchase of a retail property for their client, who plans to open a new store at this location. The client asks the salesperson how many parking spots the property will be required to have to meet the zoning requirements. The salesperson replies that the municipality has zoning requirements that set the minimum parking ratio. How will the municipality calculate the parking ratio?

A.

The municipality will take the number of available parking spaces and divide it by the property’s gross leasable area.

B.

The municipality will take the number of available parking spaces and divide it by the projected number of monthly visitors.

C.

The municipality will take the number of available parking spaces and divide it by the property’s net leasable area.

D.

The municipality will take the property’s gross leasable area and divide it by the number of available parking spaces.

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