Parking Space Lease Agreement

Parking Space Lease Agreement Template

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

Landlord/Owner: [Full Legal Name]
Address: [Address]
Contact: [Phone, Email]

Tenant/Lessee: [Full Legal Name]
Address: [Address]
Contact: [Phone, Email]

Together referred to as the “Parties.”

1. Premises

The Landlord hereby leases to the Tenant the parking space located at:
[Exact Address, Lot/Garage Name, Space Number].

The space shall be used exclusively for parking the following vehicle:

• Make/Model: ________________________

• License Plate: ________________________

2. Lease Term

The lease shall commence on [Start Date] and terminate on [End Date], unless renewed by mutual agreement. If no end date is specified, this Agreement shall continue on a month-to-month basis.

3. Rent and Payment

• Rent Amount: $[Amount] per [month/week].

• Payment Due Date: [e.g., 1st of each month].

• Method of Payment: [Bank Transfer, Check, Online Portal].

• Late Fees: $[Amount] or [X]% after [X] days overdue.

4. Use of Space

• The space is to be used solely for parking the designated vehicle.

• No repairs, storage of goods, or other activities are permitted.

• Subleasing or sharing the space is prohibited without written consent of the Landlord.

5. Access and Security

• Tenant shall receive [1] access key/card/remote.

• Tenant must follow all facility rules regarding entry, exit, and security.

• Landlord is not responsible for theft, damage, or loss unless caused by negligence.

6. Maintenance and Repairs

• Tenant shall keep the space clean and free of debris.

• Landlord is responsible for maintaining structural aspects of the facility (lighting, gates, signage).

• Tenant must immediately report any damage or hazards.

7. Liability and Insurance

• Tenant assumes responsibility for any damage caused by their vehicle.

• Tenant is encouraged to maintain auto insurance covering liability, theft, and damage.

• Landlord shall not be liable for loss or damage except in cases of willful misconduct or negligence.

8. Termination

Either Party may terminate this Agreement by providing [30] days’ written notice. Immediate termination is permitted in cases of nonpayment, misuse, or breach of Agreement terms.

9. Governing Law

This Agreement shall be governed by the laws of [State/Country].

10. Entire Agreement

This document contains the full understanding between the Parties and supersedes prior discussions or agreements.

Signatures

Landlord/Owner: ____________________________ Date: _________
Name: _________________________________________________

Tenant/Lessee: _____________________________ Date: _________
Name: _________________________________________________