Parking Space Lease Agreement

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PARKING SPACE LEASE AGREEMENT

1. THE PARTIES. This Parking Space Lease Agreement (“Agreement”) made on

_________________, 20____, is by and between:

Landlord: _________________ with a mailing address of

______________________________________________ (“Landlord”), and

Tenant: _________________ with a mailing address of

______________________________________________ (“Tenant”).

Landlord and Tenant are each referred to herein as a “Party” and, collectively, as the

"Parties.” Now, therefore, for and in consideration of the mutual promises and

agreements contained herein, the Tenant agrees to rent the Parking Space from the

Landlord under the following terms and conditions:

2. TERM. The lease provided under this Agreement shall be for: (check one)

☐ - Fixed Term. The rental period starts on _________________, 20____, and

end on _________________, 20____.

☐ - Month-to-Month. The rental period starts on _________________, 20____,

and ends upon either Party giving a written termination notice of ____ days. The

notice period for termination shall start when the written notice is delivered to the

other Party.

Hereinafter known as the “Term.”

3. PARKING SPACE. The Landlord hereby agrees to lease the following Parking

Space to the Tenant in exchange for payment:

Property Address: ______________________________________________.

Number of Spaces: ____

Parking Covered? ☐ Yes ☐ No Parking Assigned? ☐ Yes ☐ No

Addt’l. Description: ______________________________________________.

Hereinafter known as the “Parking Space.”

4. RENT. For renting the Parking Space, the Tenant shall pay:

Rent: $________ / ☐ month ☐ week

Due on: _________________.

Payment Instructions: ______________________________________________.

Hereinafter known as the “Rent.”

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5. SECURITY DEPOSIT. To ensure the fulfillment of all obligations under this

Agreement, the Tenant is: (check one)

☐ - Not Required to Pay a Security Deposit.

☐ - Security Deposit is Required.

• Amount: $________.

• Returning to Tenant: ____ days after lease termination.

Hereinafter known as the “Security Deposit.”

6. INITIAL FEES. As part of this Agreement, the Landlord charges: (check one)

☐ - No Initial Fees.

☐ - Initial Fee(s): The Landlord charges the following:

☐ - _________________ - $________

7. LATE FEE. If Rent is paid late by the Tenant, there shall be: (check one)

☐ - No Late Fee.

☐ - Late Fee: (check one)

☐ - Fixed Amount. $________ for each ☐ occurrence ☐ day rent is late.

☐ - Interest. ____% per annum.

8. PERMITTED VEHICLES. The Landlord allows the Tenant to park: (check one)

☐ - Any Vehicle. The Landlord allows for any vehicle the Tenant desires to

occupy the Parking Space.

☐ - Specific Vehicle(s). The Landlord requires that the vehicle(s) allowed to

occupy the Parking Space are described as the following:

________________________________________________________________.

9. SNOW REMOVAL. The removal of snow from the Parking Space shall be the

responsibility of the: (check one)

☐ - Tenant

☐ - Landlord

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10. MAINTENANCE. The Parking Space shall be maintained by the: (check one)

☐ - Tenant

☐ - Landlord

Maintenance shall be defined as ensuring access to the Parking Space is properly

maintained and cleared, and that access is provided to the Tenant’s vehicle during

the Term.

11. SECURITY. The Parking Space, and the surrounding area, are: (check one)

☐ - Not Secured. There is no security provided by the Landlord. The Tenant is

required to park a vehicle in the Parking Space at their own discretion.

☐ - Secured. There is security provided by the Landlord. Such security shall be

in the form of monitoring the Parking Space for theft and damage prevention. The

Landlord offers no guarantees, warranties, or promises on the level of security

that is provided outside of industry standards.

12. USE OF PARKING SPACE. The Parking Space shall be used for parking purposes

only. Parking vehicles deemed hazardous due to leaking fluids or otherwise in poor

condition is strictly prohibited. No storage of goods, materials, or other items shall be

permitted in the Parking Space without prior written consent from the Landlord.

13. INSURANCE. Any vehicle using the Parking Space by the Tenant shall be required

to have it insured at all times and provide such documentation for insurance upon

request by the Landlord. Insurance must meet the minimum requirements as

required under Governing Law.

14. INDEMNIFICATION. The Tenant agrees to indemnify, defend, and hold the Landlord

harmless from any claims arising from the Tenant’s use of the Parking Space, except

for those caused by the Landlord’s negligence.

15. DEFAULT. If the Tenant fails to perform or fulfill any obligation under this Agreement,

the Tenant shall be in default. Subject to any statute, ordinance, or law to the

contrary, the Tenant shall have 5 business days from the date of notice of default by

the Landlord to cure the default. In the event the Tenant does not cure the default,

the Landlord has the right to hire a tow company and remove the Tenant’s vehicle

from the Parking Space. Any fees related to the removal of the vehicle from the

Parking Space shall be the responsibility of the Tenant.

16. TERMINATION. Upon the termination of this Agreement, the Tenant shall vacate the

Parking Space and return it in the same condition as when the Term began,

reasonable wear and tear excepted. If the Tenant’s vehicle is not removed from the

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Parking Space upon termination, the Landlord has the right to remove the Tenant’s

vehicle from the Parking Space and charge the Tenant for such fees for removal.

17. GOVERNING LAW. This Agreement shall be governed by and construed in

accordance with the jurisdiction where the Parking Space is located (“Governing

Law”). The Parties hereby irrevocably consent to the exclusive jurisdiction and

venue of the federal and state courts located in the Governing Law for any disputes

arising from or related to this Agreement.

18. SEVERABILITY. If any provision of this Agreement is deemed invalid, illegal, or

unenforceable, the remaining provisions shall continue and remain in effect. Any

invalid provision will be replaced with a valid one that most closely matches the

intent of the original provision.

19. ADDITIONAL TERMS & CONDITIONS.

20. ENTIRE AGREEMENT. This Agreement constitutes the entire agreement between

the Parties with respect to the subject matter herein and supersedes all prior

agreements, understandings, negotiations, and discussions, whether oral or written,

of the Parties. No modification of or amendment to this Agreement, nor any waiver of

any rights under this Agreement, will be effective unless in writing signed by the

Parties hereto. This Agreement may not be amended except by an instrument in

writing signed by both Parties.

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the

date first above written.

Landlord’s Signature: _________________________ Date: ____________

Print Name: _________________________

Tenant’s Signature: _________________________ Date: ____________

Print Name: _________________________