Parking Agreement

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Parking Agreement Format

This Parking Agreement (“Agreement”) is made and entered into on [Date], by and between:

Landlord/Owner/Management Company:
Name: [Landlord/Owner/Management Company Name]
Address: [Landlord/Owner/Management Company Address]
Contact: [Phone/Email]

Tenant/Licensee:
Name: [Tenant/Licensee Name]
Address: [Tenant/Licensee Address]
Contact: [Phone/Email]

1. Property Description
The Landlord/Owner grants the Tenant/Licensee the right to use the parking space located at:
Address of Property/Parking Space: [Insert Address]
Parking Space Identification (if applicable): [Parking Slot Number/Location]

2. Term of Agreement
This Agreement begins on [Start Date] and will:
☐ Be a month-to-month agreement.
☐ Be a fixed-term agreement ending on [End Date].

3. Parking Fees and Payment
The Tenant/Licensee agrees to pay a fee of [Amount] per [month/week], payable on or before the [due date] of each month/week to:
Payment Method: ☐ Cash ☐ Check ☐ Bank Transfer ☐ Other (Specify: [Specify Method])

4. Deposit (If Applicable)
Tenant/Licensee is required to pay a refundable security deposit of [Amount], to be returned upon termination of this Agreement, provided there are no damages or unpaid fees.

5. Use of Parking Space

• The parking space shall be used solely for parking the following vehicle:
  • Make/Model: [Make/Model]
  • Color: [Color]
  • License Plate Number: [License Plate]
• The Tenant/Licensee may not sublease or assign this parking space to another party without prior written consent from the Landlord/Owner.
• The Tenant/Licensee agrees to park in the designated space and to ensure the parked vehicle does not obstruct traffic or neighboring spaces.

6. Maintenance and Cleanliness

• The Tenant/Licensee agrees to keep the parking space clean and free of debris.
• The Tenant/Licensee is responsible for any damages caused to the parking space due to negligence or misuse.

7. Termination of Agreement

• Notice Period: Either party may terminate this Agreement by providing [X] days’ written notice to the other party.
• If the Tenant/Licensee vacates before the end of the term, they forfeit any fees already paid unless agreed otherwise.

8. Indemnification and Liability
The Landlord/Owner is not responsible for theft, loss, or damage to the Tenant/Licensee’s vehicle or its contents while parked on the property. The Tenant/Licensee is responsible for securing their vehicle.

9. Rules and Regulations
The Tenant/Licensee must adhere to the following rules:

• No storage of items other than the approved vehicle in the parking space.
• No hazardous materials may be kept in the vehicle or parking space.
• No repair or maintenance work on vehicles is allowed in the parking space.

10. Governing Law
This Agreement is governed by the laws of the State of [State]. Any legal disputes will be resolved in the courts of [City/County, State].

11. Signatures
By signing below, both parties acknowledge and agree to the terms and conditions set forth in this Parking Agreement.

Landlord/Owner/Management Company
Signature: ____________________________
Name: [Name]
Date: [Date]

Tenant/Licensee
Signature: ____________________________
Name: [Name]
Date: [Date]

What is a Parking Agreement

A parking agreement is a document that denotes the agreement between a lessor, the owner who permits to occupy a parking space, and a lessee, the renter who is going to rent a particular space lease. It can be a letter of agreement of two parties about renting a parking space. When we go to work, sometimes, we do not know where we can leave our car. We want to ensure the safety of our car, that is why we will search for valet parking or shared parking that can give what we need.

Benefits of a Parking Agreement

Are you about to make a parking agreement letter? What makes you want to have a parking agreement? Before using any parking agreement format in your agreement, you may want to know the benefits of a parking agreement. We have prepared some of them. Read the following: