Parking Lease Agreement

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Parking Lease Agreement Powered By Docstoc
					This agreement allows a landlord to lease a parking space to a tenant and sets forth the
rent to be paid for the parking space. The agreement grants an exclusive use of the
space to the tenant and states that the tenant must register all vehicles with the
landlord. It further states that the landlord is not responsible for lost or stolen property
and that the tenant must maintain the space in accordance with the terms specified.
This agreement should be used by landlords to lease a parking space to a residential or
commercial tenant.
                      PARKING SPACE LEASE AGREEMENT

THIS PARKING LEASE AGREEMENT (the “Agreement”), is made and entered in this ____
day of _______________, 20___, by and between _______________________ whose address is
___________________________ (the “Tenant”) and _______________________ whose
address is_________________________ (the “Landlord”), herein collectively referred to as the
“Parties”.


WHEREAS, the Landlord desires to lease to Tenant and Tenant desires to lease from the
Landlord the Premises (as described below), and the Parties hereby agree as follows:


1. Parking Lease

For and during the Term of this Agreement, Landlord hereby grants to the Tenant and persons
designated by Tenant a lease to use the parking space located at [Insert Full Address of Property
Location] and designated as Space Number _______ (the “Parking Space”).


2. Exclusive Use

The Parking Space is for the exclusive use of the Tenant and must be used for the parking or
storage of motor vehicles only. Any motor vehicle maintenance or repair performed in the
Parking Space, or any other use of the Parking Space without the prior consent of Landlord is
prohibited. The Parking Space can accommodate [Insert the number of motor vehicles that may
be parked in the Parking Space at one time] motor vehicles.


3. Term

This Agreement will commence on __________________ and shall be for a period of
_____________ years (or alternatively, the Term may be for a specific period, for example,
September 1, 2010 – August 31, 2011).


4. Vehicles

(a) Tenant must register all vehicles which may be parked in the Parking Space with the
Landlord. Any unregistered vehicles parked in the Parking Space will be subject to being towed
at the vehicle owner’s expense.

(b) For the purpose of registration, the Tenant must provide description of the vehicles including
vehicle make, model, color and license plate number and the vehicles must be in an operable
state.


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5. Payment

(a) Tenant shall pay in advance, on or before the first day of each calendar month, to the
Landlord or his agent by mail or in person an amount of $_____________ plus any applicable
taxes towards rent for the Parking Space.

(b) Landlord reserves the right to increase the rent amount by giving _____________ days prior
written notice to Tenant. (This provision is optional, and/or may be revised to allow an
increase if the Term is extended)

(c) The Tenant shall make no deductions in the rental amount for days on which Parking Space is
not used by the Tenant.

(d) All payments must be received by the due date or Landlord may, at its option, terminate the
lease without further notice to Tenant.


6. Compliance with Rules

(a) Tenant shall at all times comply with all applicable federal, state and municipal ordinances,
rules, regulations, codes, laws and statutes relating to the use of and access to the Parking Space.

(b) Landlord may from time to time adopt, modify and enforce any rules governing the use of
and access to the Parking Space, including any key-card, sticker or other identification or
entrance system and hours of operation.

(c) If any person violates such rules, the Landlord may refuse to permit the vehicle to park in the
Parking Space. The Landlord will be authorized to tow such vehicles at the vehicle owner’s
expenseand any violation of these rules shall subject the car to removal.


7. Articles left in Vehicles

Landlord is not responsible for items left in any vehicle parked in the designated Parking Space.
Landlord will not be responsible and assumes no liability for any lost, stolen or damaged
property, including Tenant's vehicle and its contents, while parked in the Parking Space. Tenant
acknowledges and agrees that the Landlord shall not provide security for the vehicle or any of its
contents. Tenant assumes all risk of parking in Landlord's parking lot.


8. Hazardous Materials




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Tenant shall keep the Parking Space clean and free of debris and shall not store any hazardous
materials on the Parking Space without the Landlord's express written approval. Tenant agrees to
abide by all applicable laws relating to the handling of such materials and will promptly notify
Landlord in writing of the receipt of any warning, violation, or complaint received from any
agency or third party. Any release or spills of any hazardous chemical substance by the
Tenant, shall be cleaned and removed in accordance with all applicable laws.

9. Repairs

The Tenant shall not perform any repairs or any oil changes or engine work on the Parking
Space. Any emergency car work for tire change or battery change will be permitted. Provided,
Tenant will be responsible for disposal of tires or batteries. Any fluid leaks, such as oil or gas
must be repaired promptly, and any leaks cleaned up promptly. Gasoline, other than in the
normal single auto fuel tank, shall not be stored in the Parking Space.


10. Liability

Landlord, its officers, agents and employees shall not be liable for any personal injury suffered
by Tenant or Tenant’s guests or for any damage to or destruction or loss of any of Tenant’s
personal property located or stored upon the Parking Space by fire, vandalism, theft or any other
cause unless such injury or loss is attributable solely to the intentional, willful act or gross
negligence of the Landlord. Tenant assumes all risk of loss or damage of Tenant’s property in the
Parking Space caused by fire, windstorm, explosion or other cause, or by the act, or omission of
any other tenant at the Property. Tenant further agrees to indemnify Landlord, its members,
officers, agents and employees, from and against liability for damage, injury or loss alleged to
have been sustained by Tenant or Tenant’s guests resulting from any cause whatsoever excepting
only such damage, injury or loss caused solely by the grossly negligent or intentional acts of
Landlord, its members, officers, agents or employees. Tenant accepts Parking Space “as is” and
Tenant acknowledges that Landlord has not made and is not making any warranties whatsoever
with respect to the Parking Space.


11. Termination

(a) Either party may terminate this Agreement by providing thirty (30) days written notice to the
other party (This is an optional provision and subject to negotiation).

(b) If Tenant defaults any of the provisions of this Agreement, Landlord shall have the right to
terminate this Agreement on ten (10) days prior notice, unless within such ten (10) day period
Tenant cures such default. In addition, Landlord shall remove from the Parking Spaces any
vehicles, without liability therefor whatsoever.


12. Entire Agreement and Amendments




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This Agreement is the entire agreement between the Parties and supersedes all earlier and
simultaneous agreements regarding the subject matter. This Agreement may be amended only in
a written document, signed by both Parties.


13. Independent Contractors

The Parties acknowledge that they are independent contractors under this Agreement, and except
if expressly stated otherwise, none of the Parties, nor any of their employees or agents, has the
power or authority to bind or obligate another party. Except if expressly stated, no third party is
a beneficiary of this Agreement.


14. Governing Law and Forum

This Agreement shall be interpreted in accordance with the laws of the State of
__________________. Any controversy or claim arising out of or in relation to this Agreement
or the validity, construction or performance of this Agreement, or the breach thereof, shall be
resolved by arbitration in accordance with the rules and procedures of the American Arbitration
Association (AAA) under its jurisdiction in ________________ before a single arbitrator. The
Parties agree hereto that they will abide by and perform any award rendered in any arbitration
conducted pursuant hereto, that any court having jurisdiction thereof may issue a judgment based
upon such award. The arbitration award shall be final, binding and non-appealable. The
prevailing party shall be entitled to an award of its attorneys’ fees and costs.


15. Assignment

This Agreement binds and inures to the benefit of the Parties' successors and assigns. This
Agreement is not assignable, delegable, or otherwise transferable by Tenant in whole or in part
without the prior written consent of Landlord. Any transfer, assignment, or delegation by Tenant
without such consent is invalid.


16. No Waivers, Cumulative Remedies

A party's failure to insist upon strict performance of any provision of this Agreement is not a
waiver of any of its rights under this Agreement. Except if expressly stated otherwise, all
remedies under this Agreement, at law or in equity, are cumulative and nonexclusive.


17. Severability

If any portion of this Agreement is held to be unenforceable, the unenforceable portion must be
construed as nearly as possible to reflect the original intent of the Parties, the remaining portions




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remain in full force and effect, and the unenforceable portion remains enforceable in all other
contexts and jurisdictions.


18. Notices

All notices, demands, and requests which may be given or which are required to be given by
either party to the other, hereunder shall be in writing. Such notices shall be deemed delivered
when personally delivered to the address of the party to receive such notice set forth below or,
whether actually received or not, five (5) days after having been deposited in any post office or
mail receptacle regularly maintained by the United States Government, certified or registered
mail, return receipt requested, postage prepaid, properly addressed as follows (The Parties may
agree that fax or electronic mail notice is acceptable, and if so, include that contact
information below):

If to Landlord:

__________________________

__________________________

If to Tenant:

___________________________

___________________________


19. Captions and Plural Terms

All captions are for purposes of convenience only and are not to be used in interpretation or
enforcement of this Agreement. Terms defined in the singular have the same meaning in the
plural and vice versa.


IN WITNESS WHEREOF, the Parties have executed this agreement the day and year as first
above written.


TENANT

By: __________________________________

Print Name: ___________________________

Title: ________________________________



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LANDLORD

By: __________________________________

Print Name: ___________________________

Title: ________________________________




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DOCUMENT INFO
Description: This agreement allows a landlord to lease a parking space to a tenant and sets forth the rent to be paid for the parking space. The agreement grants an exclusive use of the space to the tenant and states that the tenant must register all vehicles with the landlord. It further states that the landlord is not responsible for lost or stolen property and that the tenant must maintain the space in accordance with the terms specified. This agreement should be used by landlords to lease a parking space to a residential or commercial tenant.
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