FormZoid

What Obligations Does a Lessee Have?

A parking space lease agreement brings the following obligations for a lessee:

  • The Lessee agrees to use the parking space only for the purpose of parking motor vehicles. The Lessee shall not use the parking space for any other purpose, including but not limited to, storage of materials or equipment.

  • The Lessee shall not make any alterations or improvements to the parking space without the prior written consent of the Lessor.

  • The Lessee shall park their vehicles in a manner that does not obstruct or interfere with the use of other parking spaces or cause damage to the parking facilities.

  • The Lessee shall comply with all local, state, and national laws pertaining to the use of motor vehicles.

What Are the Lessor’s Obligations?

Here are the obligations created by the parking rental agreement:

  • The Lessor agrees to provide the Lessee with access to the parking space during the term of this agreement.

  • The Lessor shall not make any alterations or improvements to the parking space without the prior written consent of the Lessee.

  • The Lessor shall not be liable for any damage to the Lessee’s vehicle or personal property while it is parked on the premises.

  • The Lessor shall not be liable for any injuries sustained by the Lessee while on the premises.

This agreement shall commence on the date of sign hereinafter referred to as the “Effective Date” and shall continue in full force and effect until the expiration of the term herein specified.

How to Fill Out a Parking Space Rental Agreement?

Step 1 – Who are the parties?

As usual, the parking space lease agreement should start with the indication of the parties entering the agreement. The Lessor is the owner of the parking space while the Lessee is the party that wants to lease it.

Step 2 – When does the agreement start and end?

The parking space lease agreement should contain the effective date, which is the date when both parties sign it. You should also specify how long the agreement will last. The term can be monthly, yearly, or for a specific number of days.

Step 3 – What is the purpose of the agreement?

In this section, you should specify that the Lessee will use the parking space only to park motor vehicles and not for any other purposes.

Step 4 – Where is the parking space located?

This is self-explanatory. You should include the address, or other means of identification, of the parking space.

Step 5 – What are the Lessee’s obligations?

The Lessee’s obligations should be specified in this section. These can include complying with local laws, not obstructing other parking spaces, and not damaging the parking facilities.

Step 6 – What are the Lessor’s obligations?

The Lessor’s obligations should be specified in this section. These can include providing access to the parking space and not making any alterations without the Lessee’s consent.

Step 7 – How much does the Lessee have to pay?

You should specify the amount of rent the Lessee will have to pay and how often they will have to make payments. You can also include a late fee if the rent is not paid on time.

Step 8 – Signatures

Both parties should sign and date the parking space lease agreement. It is recommended that you have witnesses present when the agreement is signed.

Termination of a Parking Space Rental Agreement

Either party may terminate this parking space rental agreement at any time by giving written notice to the other party. Upon termination, the Lessee shall vacate the premises within a certain amount of days and shall remove all personal property from the premises. The Lessee shall also pay any outstanding rent owed up to the date of termination.

When to Use a Parking Lease Agreement?

A parking lease agreement should be used whenever an individual or organization needs to lease parking space from another party. This agreement is typically used in urban areas where there is a lack of available parking, or when additional parking is needed for events.

This agreement can be used for both long-term and short-term leases. It is important to carefully read and understand the terms of the parking rental agreement before signing, as it is a legally binding document.

If you have any questions about this agreement, or if you need help drafting your own, we suggest that you speak with an attorney.

4 Steps to Finding a Space for Parking

  1. Research suitable areas in your neighborhood or business district to park your car. You can use Google Maps or a similar service to find parking garages or surface lots in your vicinity.

  2. Use rental apps. There are now a number of apps, such as SpotHero and ParkMobile, that allow you to find and reserve parking spaces in advance. This can be a convenient option if you know you’ll need to park in a specific area at a specific time.

  3. Inquire with local businesses. If you frequent a particular business or area, you may be able to arrange for a long-term parking arrangement. This is often the case with businesses that have their own parking lots, such as restaurants, grocery stores, and retail establishments.

  4. Once you’ve found a few potential spaces, contact the owner or manager of the property to inquire about leasing options. If you’re satisfied with the terms of the lease, sign the parking space rental agreement and start parking your car in the new parking space.