Parking Space Lease Agreement Create a Parking Space Lease Agreement

Parking Space Lease Agreement

Updated Dec 02, 2025
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A Parking Space Lease Agreement is a legal document that outlines the terms under which a parking space is rented.

Landlord Full Legal Name

Write the full legal name of the landlord as it appears on official documents, such as a lease or property deed. This should include first name, middle name (if applicable), and last name, without any nicknames or abbreviations. Providing the correct name is important because it ensures that the lease agreement is valid and legally binding.

Table of Contents

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PARKING SPACE LEASE AGREEMENT

This Parking Space Lease Agreement (hereinafter referred to as the "Agreement") is entered into on the (the "Effective Date"), by and between:

I. THE PARTIES

LANDLORD (LESSOR):
Name:
Mailing Address:
Email:
Phone:

TENANT (LESSEE):
Name:
Mailing Address:
Email:
Phone:

The Landlord and Tenant are collectively referred to herein as the "Parties."

II. THE PARKING SPACE

The Landlord agrees to lease to the Tenant, and the Tenant agrees to lease from the Landlord, the parking space located at the following address (the "Premises"):

Address:

The specific parking space is designated as:
Space Number/ID:
Location Description (e.g., "Upper Level," "Garage A"):

III. TERM

The term of this Agreement shall be as follows (check one):

IV. RENT AND PAYMENTS

Rent Amount: The Tenant agrees to pay the Landlord a monthly rent of $ for the use of the Parking Space.

Due Date: Rent is due on the day of each month.

Payment Method:
The payment instructions are as follows:

Late Fee: If rent is not received by the Landlord within days after the due date, the Tenant agrees to pay a late fee of $.

Returned Check Fee: In the event a check is returned for insufficient funds (NSF), the Tenant shall pay a fee of $ in addition to any applicable bank charges.

V. VEHICLE INFORMATION

The Tenant is authorized to park the following specific vehicle(s) in the Parking Space:

Vehicle 1:
Make: Model: Year:
Color: License Plate: State:

The Tenant agrees to update the Landlord immediately in writing if the designated vehicle changes.

VI. USE OF PREMISES

1. Permitted Use: The Parking Space shall be used solely for the parking of the vehicle(s) listed in Section V. The vehicle must be operational, fully insured, and currently registered with the appropriate government authority.

2. Prohibited Acts: The Tenant shall not:
a. Perform vehicle maintenance, repairs, or oil changes on the Premises (except for emergency flat tire changes or battery jumps).
b. Store personal items, trash, tires, or hazardous materials in the Parking Space.
c. Live or sleep in the vehicle while parked on the Premises.
d. Park any trailers, boats, or recreational vehicles without prior written consent.
e. Block access to other parking spaces or driveways.

VII. LIABILITY AND INDEMNIFICATION

1. Risk of Loss: The Tenant acknowledges that use of the Parking Space is at the Tenant's sole risk. The Landlord shall not be responsible for any damage to the Tenant's vehicle, theft of the vehicle, or theft of contents from within the vehicle, regardless of the cause, including but not limited to fire, flood, collision, or criminal acts of third parties.

2. Indemnification: The Tenant agrees to indemnify, defend, and hold harmless the Landlord from any and all claims, demands, liabilities, losses, costs, and expenses (including reasonable attorneys' fees) arising from the Tenant's use of the Parking Space or any breach of this Agreement.

3. Insurance: The Tenant is solely responsible for maintaining adequate automobile insurance coverage for the vehicle(s) parked on the Premises.

VIII. ASSIGNMENT AND SUBLETTING

The Tenant shall not assign this Agreement or sublet the Parking Space to any other party without the prior written consent of the Landlord. Any unauthorized assignment or sublease shall be void and constitute a material breach of this Agreement.

IX. DEFAULT AND REMEDIES

If the Tenant fails to pay rent when due or violates any other term of this Agreement, the Landlord may provide a written notice of default. If the default is not cured within days of receipt of notice, the Landlord may:
1. Terminate this Agreement immediately;
2. Tow the Tenant's vehicle at the Tenant's sole expense; and
3. Pursue any other remedies available at law or in equity.

X. TOWING AUTHORIZATION

The Tenant acknowledges that any vehicle parked in the Parking Space in violation of this Agreement, or any vehicle not listed in Section V, may be towed at the vehicle owner's expense without further notice, subject to applicable state and local laws.

XI. GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the State of .

XII. ENTIRE AGREEMENT

This Agreement constitutes the entire agreement between the Parties regarding the subject matter hereof and supersedes all prior agreements, understandings, and negotiations, whether written or oral.

XIII. SEVERABILITY

If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall continue to be valid and enforceable to the fullest extent permitted by law.

XIV. ADDITIONAL TERMS AND CONDITIONS

Additional provisions are as follows:

XV. SIGNATURES

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the dates set forth below.

LANDLORD:
Signature: _________________________
Date:
Print Name: _______________

TENANT:
Signature: _________________________
Date:
Print Name: _______________

What is a Parking Space Lease Agreement?

A Parking Space Lease Agreement is a legally binding document between a property owner and an individual or entity seeking to rent a parking space. This type of agreement specifies the terms and conditions under which the parking space will be used, including duration, payment details, and any rules or restrictions pertaining to the use of the space. It serves as a crucial tool for property managers and parking space owners to ensure that their property is utilized in an organized manner while providing legal protection for both parties involved. Individuals or businesses in need of dedicated parking spaces, particularly in areas where parking is limited or expensive, will find this agreement essential for securing their parking needs without misunderstanding or conflict.

Key Features

Clearly defines the rental period, ensuring both parties are aware of the lease's duration.
Includes detailed payment terms, such as amount, frequency, and acceptable payment methods.
Specifies the exact location and description of the parking space to avoid any confusion.
Outlines terms of use, including any restrictions on vehicle type or hours of access.
Contains clauses related to termination, allowing either party to end the lease under predefined conditions.
Incorporates dispute resolution methods to handle any disagreements that may arise during the lease term.

Important Provisions

  • Identification of Parties: Names and contact information of both the lessor (owner) and lessee (tenant).
  • Description of Premises: A detailed description of the parking space location and any notable features or limitations.
  • Term of Lease: Start date, end date, and any provisions for renewal or early termination.
  • Payment Terms: Rental amount, frequency, method of payment, late fees, and security deposit details.
  • Use Restrictions: Guidelines on vehicle type allowed, storage prohibitions, and hours of access.

Pros and Cons

Pros

  • +Reduces potential disputes by clearly outlining terms and expectations from the outset.
  • +Provides legal protection for both the landlord and tenant by detailing rights and responsibilities.
  • +Flexible customization allows for specific needs and preferences of both parties to be addressed.
  • +Facilitates easy renewal or termination with outlined procedures within the agreement.
  • +Enhances property value by managing its parking facilities professionally and efficiently.

Cons

  • -May require negotiations to accommodate specific needs or concerns of either party.
  • -Potential for misunderstanding if not all terms are clearly defined and understood by both parties.
  • -Requires monitoring and enforcement to ensure compliance with terms set out in the agreement.

Common Uses

  • Leasing a private parking spot in residential apartment complexes.
  • Renting out unused spaces in commercial buildings to nearby businesses or individuals.
  • Agreements between neighbors for shared driveway or garage space usage.
  • Event-specific rentals where temporary parking solutions are needed.
  • Businesses providing employee parking in offsite locations.
  • Seasonal leasing for areas with fluctuating demand due to tourism or events.

Frequently Asked Questions

Yes, you can potentially terminate your agreement early if it includes an early termination clause. This clause typically outlines conditions under which either party may end the lease before its scheduled expiration, often requiring notice and possibly involving a penalty or fee.
While verbal agreements may be legally binding in some jurisdictions, having a written Parking Space Lease Agreement provides clear evidence of the terms agreed upon by both parties. It significantly reduces the risk of disputes by documenting each party's rights and responsibilities.
It's important that your agreement includes provisions for handling unauthorized use of your rented space. These typically involve notifying the landlord or property manager so they can take appropriate action against violators.

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