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. Use of Space

Use is limited to parking the designated vehicle only.

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

Subleasing or sharing the space: [Prohibited/Permitted with written consent]

2. Premises

Parking Space Location: [Exact Address, Lot/Garage Name, Space Number]

Space Identifier: [Space Number/Level/Marker]

Permitted Vehicle Make/Model: [Make/Model]

License Plate: [Plate Number]

3. Rent and Payment

Rent Amount: $[Amount] per [Month/Week]

Payment Due Date: [Due Date]

Method of Payment: [Bank Transfer/Check/Online Portal/Other]

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

4. Lease Term

Start Date: [Start Date]

End Date: [End Date]

Term Type: [Fixed Term/Month-to-Month]

Renewal: [Renew by written agreement/Continues month-to-month/Other]

5. Access and Security

Access Credential Issued: [Key/Card/Remote/PIN/None]

Quantity Issued: [Number]

Facility Rules: [Tenant agrees to follow entry/exit and security rules.]

Security Features (if any): [Gated/Cameras/Lighting/Patrol/None]

6. Winter Operations and Temporary Relocation

Winter Relocation Plan:

7. Hazard Reporting

Hazard Reported: [Yes/No]

Hazard Type: [Ice/Poor lighting/Broken gate/Pothole/Other]

Reported To: [Name/Role] on [MM/DD/YYYY] via [Phone/Email/Other]

8. Liability and Insurance

Tenant assumes responsibility for damage caused by Tenant’s vehicle.

Insurance: [Tenant maintains auto insurance/Other]

Landlord is not liable for theft, damage, or loss except as agreed in this Agreement.

9. Termination

Either Party may terminate by giving [30] days’ written notice.

Immediate termination may apply for: [Nonpayment/Misuse/Breach/Other].

10. Governing Law and Entire Agreement

This Agreement shall be governed by the laws of Illinois.

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

11. Signatures

Landlord/Owner: ____________________________ Date: [MM/DD/YYYY]

Name: [Printed Name]

Tenant/Lessee: _____________________________ Date: [MM/DD/YYYY]

Name: [Printed Name]

Maintenance / Security Desk Acknowledgment (if applicable)
Signature: ____________________________ Date: [MM/DD/YYYY]
Name/Role: [Name, Role]