There are two types of parking stall associations: inventory and contract. When a parking stall is associated with an inventory unit, it is carried into any contract associated with that inventory. Similarly, any upgrades applied to a parking stall on the inventory level are also carried into any contract pertaining to that inventory. If the contract is rescinded, the parking stall and any inventory-level upgrades remain associated with the inventory unit.
By contrast, if additional parking is associated with a particular contract, it is associated with the contract only. If the contract is rescinded, the additional parking returns to the pool of available parking stalls and upgrades or types associated with the stall on the contract will be removed.
Pre-allocated Parking Stalls (Inventory)
When inventory is initially imported by the Spark team, the number of Pre-allocated stalls (demand) is set. Initial prices should be also set before creating the parking stall project total so that any future price changes apply only to newly created parking stalls. Once stalls are created, the number of included stalls will be automatically associated with the project’s inventory, connecting the parking stalls to the inventory units.
Since the standard parking type is associated with inventory by default, it is not necessary to know the exact quantity of each stall type, or even individual stall numbers prior to beginning pre-sales. These can be added at a later stage of your project’s development while still reserving the required number of Pre-allocated stalls from the outset.
For example, if a project has 120 parking stalls and 100 units, each with one parking stall included, 100 standard parking stalls will be associated with inventory and given the Pre-allocated status, the remaining 20 stalls will not be associated with inventory and will be given the Available status.
Once parking stalls are added to an inventory unit, administrators, conveyancers and managers are the only permission roles permitted to edit them. This includes adding or removing stalls and editing types, pricing, and upgrades.
When inventory converts to a contract, the parking stall type and upgrades become contract-specific. Any changes made on the contract do not impact the parking stall on the inventory until that contract is firm. If the parking stall is removed from a contract, it returns to its original inventory state. If a parking stall is removed from an inventory unit, it will reset by returning to the project default type (Standard by default) and price and all upgrades removed.