Garage (Parking) Rental Lease Agreement Template

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The garage lease agreement is meant for any type of space that may be used for storage or for the parking of a vehicle. This type of contract is typical for the usage in condominium buildings or anyplace where parking or storage space is limited. The landlord shall rent out the area (described usually in square feet) to another party and may have the full use of the premises until the lease end date.

What to Include

This document is a contract for the lease of an entire garage or a designated parking area within. Like any other lease, it should be specific and detailed, and it should include:

  • The full names of the two parties entering into the agreement (“landlord” and “tenant”).
  • A description of the leased space
  • The start and end dates of the lease (the “lease term”)
  • The monthly rent due and other payment terms
  • Security deposit details
  • Arrangements for keys and access, if necessary

Since this document represents a legal agreement with financial consequences, it should completed with care. If the lease is for an entire garage, it should include estimated total square footage; otherwise, make sure to carefully describe the boundaries of the leased parking space.

Lease payments are generally taken monthly. This document should specify how these payments will be collected and outline any consequences for late payments or returned checks.

Who Can Use This Document?

This is a versatile document that can be used by any two parties entering into a lease agreement for a garage or parking area. This includes city-slickers looking for off-street spots and commercial tenants seeking space for an office or other business.

How to Lease a Commercial Parking Space

Parking is a thorn in the side for many businesses, complicating things for both employees and clients. Some parking is often included with a commercial lease – but it may not be sufficient. Contracts often allocate parking space in proportion to the total square footage of office space leased.

Be sure to carefully review the terms of your commercial lease and make sure that you understand the specifics. Will parking spaces be assigned, or will employees and clients gain access to a general lot? Most important of all, is the allotted space adequate to meet business needs?


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