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Parking Space Rental Lease Agreement Template

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Parking Space Rental Agreement is between a landlord that controls an area of space, designated for a vehicle, and allows a person to rent it in return for payment. Generally, there are limited State laws on this type of arrangement. The contract can either be set for a fixed term or on a month to month basis. The tenant shall only be able to store their vehicle (recreational vehicle, motorcycle, etc.) on the premises unless otherwise agreed to by the owner/manager.

Agreement Uses:

  • Needing a parking space near their residential unit in a crowded city with limited parking;
  • Someone who needs a parking spot in proximity to their work;
  • A couple with two cars that needs an additional parking space as they are living in a one-bedroom apartment that only allows one vehicle; or
  • For any other private parking space that

How to Use

An agreement for the sole purpose of renting a parking spot is much similar to renting a property but much simpler. The individual renting the space from the owner, known as the lessee, must agree to the terms of the lease (either fixed or monthly) and the rent amount which shall be due on a specific day of each month.

Much like a housing lease, the lessee may not sublease the parking space without the owner’s consent. The lessee is also responsible for the upkeep of the parking space and their vehicle including valid insurance and registration. No personal storage may be allowed in the premise of the parking space, the only object that shall contain the parking space is a vehicle or motorcycle in good repair.

How to Find a Monthly Parking Space

Use BestParking.com to find the monthly rates of and parking spaces in your area. The next best solution is to use Google Maps and contact the parking garages in your area.

When a Lessee Defaults

Most States have little to no laws regarding parking leases which makes it very easy to solve problems with regards to a tenant defaulting on a lease. If the lessee defaults, whether it’s due to unpaid rent or not keeping their vehicle in good repair, they can arguably be seen as trespassing on private property. That being said, all it takes is one simple call to a towing company and the lessee’s vehicle can be removed. However, it’s a good idea to warn the tenant prior to the removal of their vehicle by placing a note on their windshield detailing the offense and outcome if the default goes unfixed.

How to Write a Parking Space Rental Agreement

Download: Adobe PDF, Microsoft Word (.docx), Open Document Text (.odt)

1 – Save The Parking Space Rental Agreement

You can issue a rental agreement for a parking space with the downloadable template featured in the image on this page. It’s available as a “PDF,” “Word,” or “ODT” document. Make certain that you obtain the version most compatible with your software environment if you plan on preparing it on-screen otherwise, you may simply print the pdf using your browser. If you fill this paperwork out manually, it must be legible.

 

2 – Identify The Parking Vendor And Consumer

The first article on this page is titled “The Parties.” As this label suggests, we shall supplement the wording in this section with some information that will serve to positively identify each signature party. There is one task we must tend to beforehand. We must date this agreement. The first blank space, the second blank space, and the third blank space are reserved specifically for the calendar day, month, and year of this agreement.  Input the name of the party that will lease this space to the Lessee or Vehicle Owner on the line attached to the phrase “…By And Between.”

Continue through this statement by furnishing the building number, street, and suite number in the Lessor’s “…Mailing Address” on the next blank space then reporting the Lessor’s City and State on the next two available lines in this statement.

The second set of lines in this paragraph will identify the individual leasing the parking space from the entity we defined above The Lessee’s full name and address must be produced using the last four available lines in this sentence. This is the party who shall enter this agreement for the right to park a vehicle in the space we will define. The parking space that the Lessor named above will rent to the Lessee will have its line where we can document its location. Produce the exact location where the vehicle must be parked on the line after the words “…Parking Space Located At”   

 

3 – Detail The Lease Conditions Where Requested

The section titled “Term” will make up the second article of this agreement. We will use this area to define when precisely this agreement is effective and, thus, when the vehicle may be parked in the space being rented. The first calendar date of this lease should be produced utilizing the three blank spaces that follow the term “…Shall Begin On The.” Keep in mind this must be reported as a calendar day, then month and year where requested.  Only of the checkbox statements in this area may be marked. The statement you choose will obligate both parties to this agreement from the date you indicate above until the statement you choose applies. Each one will require further information. Thus, if you choose the first statement because this agreement will be in effect until a certain calendar date then you must furnish the termination date to the spaces provided. If, however, this agreement exists on a “…Month To Month Basis” then you must make the second checkbox and produce the number of “…Days’ Written Notice” on the blank space in this choice. In the example below, this agreement will terminate on a specific day.

The third article (“Rent”) will serve its function by documenting how much must be paid to the Lessor so that the Lessee may park his or her vehicle in the concerned parking space. First, fill in the two-digit day of each month when the parking space rent is due on the first blank line.  The second and third available spaces in “Rent” call for the rent amount to be presented in two ways. First write out this amount on the second line then, using the third available space, produce the rent amount numerically in the parentheses

The final requirement of this article is that you define the method of payment. Locate the line following the phrase “…Delivered To The Lessor By The Lessee In The Following Manner” then, document how this payment must be made. Notice in the example the payment must be submitted as a check to a specific mailing address.

 

4 – Report The Location ANd Time Of This Execution

The next section that will require information is the eight article or “Governing Law.” Place the name of the state whose laws will apply and uphold this agreement after the words “…State Of.” Finally, the last sentence will need the signature date for this paperwork. This calendar day should be reported to the spaces in this statement as the day, month, and two-digit year.

 

5 – Both Lessor And Lessee Signatures Are Necessary For Execution

The Lessor must sign his or her name to the line labeled “Lessor’s Signature” then print his or her name on the “Lessor’s Printed Name” line. He or she must furnish these items on the calendar date you have listed after the words “…Was Signed On The” The right side of the page will require the “Lessee’s Signature.” This is the individual who will enter this leasing arrangement so that his or her vehicle may be parked and must be the same person we named in the first paragraph. He or she must satisfy the “Lessee’s Signature” line by signing it. Additionally, his or her name must be printed on the line under it (“Lessee’s Printed Name”).  Bear in mind this lease will only be valid when both the Lessor and Lessee have satisfied these signature requirements.


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