Parking Space Rental Agreement Template: Use & Payment

Parking Space Rental Agreement Template

This Parking Space Rental Agreement (“Agreement”) is made as of the date of the last signature below.

1. Parties

Landlord (Owner/Lessor):

Full Legal Name: [Landlord Full Legal Name]

Address for Notices: [Street Address, City, State/Province, ZIP/Postal Code, Country]

Phone: [Landlord Phone Number]

Email: [Landlord Email Address]

Tenant (Renter/Lessee):

Full Legal Name: [Tenant Full Legal Name]

Address for Notices: [Street Address, City, State/Province, ZIP/Postal Code, Country]

Phone: [Tenant Phone Number]

Email: [Tenant Email Address]

2. Parking Space Description

The Landlord rents to the Tenant the following parking space (the “Parking Space”):

Property Address: [Parking Facility Address]

Type of Space: [Outdoor space / Covered space / Assigned stall / Driveway space / Other]

Space Identifier (number, level, section): [Space/Bay/Spot Number or Description]

Approximate Size/Description: [e.g., “Standard passenger vehicle space,” “Compact car space”].

This Agreement does not give the Tenant any right to live in or occupy any dwelling unit at the same address.

3. Term of Agreement

Choose one option and complete:

Fixed-Term Rental:

Start Date: [MM/DD/YYYY]

End Date: [MM/DD/YYYY]

The Agreement ends on the End Date unless renewed in writing or as required by law.

Month-to-Month Rental:

Start Date: [MM/DD/YYYY]

For a month-to-month arrangement, either party may terminate by giving at least [Number] days’ written notice before the end of the then-current rental period, or as otherwise required by applicable law.

4. Rent and Payment

Monthly Rent: [Currency and Amount]

Rent Due Date: [e.g., “1st day of each month”]

Payment Method(s): [Bank transfer, online payment, check, other]

Place/Account for Payment: [Mailing address or payment account details]

Late Payment: If rent is not received within [Number] calendar days after the Due Date, Tenant will pay a late fee of: [Currency and Amount or percentage], if permitted by applicable law.

Returned Payment Fee (if any): [Currency and Amount]

5. Security Deposit (If Any)

Security Deposit Amount: [Currency and Amount or “None”]

If a Security Deposit is collected:

• The Tenant pays the Security Deposit as security for performance of this Agreement, including payment of rent and repair of damage to the Parking Space beyond normal wear and tear.

• The Security Deposit will be held and returned (less lawful deductions) within the time required by applicable law after the Tenant vacates, removes all vehicles and property, and returns any keys/access devices.

• An itemized statement of deductions will be provided if required by law.

The Tenant pays the Security Deposit as security for performance of this Agreement, including payment of rent and repair of damage to the Parking Space beyond normal wear and tear.

The Security Deposit will be held and returned (less lawful deductions) within the time required by applicable law after the Tenant vacates, removes all vehicles and property, and returns any keys/access devices.

An itemized statement of deductions will be provided if required by law.

6. Permitted Use and Restrictions

6.1 Permitted Use

The Parking Space may be used only for parking the following motor vehicle(s):

Vehicle 1: Year/Make/Model/Color: [Vehicle 1 Details] – License Plate: [Plate Number]

Vehicle 2 (if allowed): Year/Make/Model/Color: [Vehicle 2 Details] – License Plate: [Plate Number]

Any change in the primary vehicle(s) must be communicated to the Landlord in writing.

6.2 Restrictions

Unless the Landlord gives prior written consent or local law provides otherwise, the Tenant agrees:

• Not to use the Parking Space as living space or for overnight accommodation.

• Not to store non-vehicle personal property in the Parking Space (other than small items normally kept in or on a vehicle).

• Not to perform major vehicle repairs, body work, painting, or engine work in the Parking Space.

• Not to store or use flammable, explosive, or hazardous materials, except fuel and fluids normally contained in the vehicle.

• Not to park oversized vehicles, trailers, boats, or commercial trucks if they exceed the size or weight limits for the space or property.

• To comply with all property, building, and parking rules provided by the Landlord, as long as they are reasonable and non-discriminatory.

Not to use the Parking Space as living space or for overnight accommodation.

Not to store non-vehicle personal property in the Parking Space (other than small items normally kept in or on a vehicle).

Not to perform major vehicle repairs, body work, painting, or engine work in the Parking Space.

Not to store or use flammable, explosive, or hazardous materials, except fuel and fluids normally contained in the vehicle.

Not to park oversized vehicles, trailers, boats, or commercial trucks if they exceed the size or weight limits for the space or property.

To comply with all property, building, and parking rules provided by the Landlord, as long as they are reasonable and non-discriminatory.

7. Access, Keys, and Entry

7.1 Access Devices

The Landlord provides the Tenant with the following, if applicable:

• Gate/garage remote or fob: [Number Issued]

• Access card/key: [Number Issued]

Gate/garage remote or fob: [Number Issued]

Access card/key: [Number Issued]

The Tenant must take reasonable care of all access devices and must not copy or share them with others except authorized users of the parked vehicle(s).

7.2 Landlord’s Right of Access

The Landlord may enter the parking facility and access the Parking Space, as reasonably necessary, to:

• Maintain, repair, or inspect the property;

• Enforce posted rules or address safety issues;

• Show the space to prospective tenants or buyers, on reasonable notice;

• Respond to emergencies or hazards.

Maintain, repair, or inspect the property;

Enforce posted rules or address safety issues;

Show the space to prospective tenants or buyers, on reasonable notice;

Respond to emergencies or hazards.

8. Condition, Maintenance, and Repairs

• The Landlord is responsible for maintaining the general condition of the parking area and common areas under the Landlord’s control, as required by law.

• The Tenant must keep the Parking Space reasonably clean and free from trash, oil spills, and debris caused by the Tenant, occupants, or guests.

• The Tenant must promptly report hazards, damage, or unsafe conditions in or around the Parking Space to the Landlord.

• The Tenant is responsible for costs of repair for damage to the Parking Space or related structures caused by the Tenant, occupants, or guests, beyond normal wear and tear.

The Landlord is responsible for maintaining the general condition of the parking area and common areas under the Landlord’s control, as required by law.

The Tenant must keep the Parking Space reasonably clean and free from trash, oil spills, and debris caused by the Tenant, occupants, or guests.

The Tenant must promptly report hazards, damage, or unsafe conditions in or around the Parking Space to the Landlord.

The Tenant is responsible for costs of repair for damage to the Parking Space or related structures caused by the Tenant, occupants, or guests, beyond normal wear and tear.

9. Insurance and Risk of Loss

• The Tenant understands that the Landlord’s insurance generally does not cover the Tenant’s vehicle or personal property.

• The Tenant is responsible for insuring their own vehicle(s) and any personal property kept in or on the vehicle(s).

• The Tenant parks and uses the Parking Space at the Tenant’s own risk, except as otherwise provided by applicable law or by written agreement.

The Tenant understands that the Landlord’s insurance generally does not cover the Tenant’s vehicle or personal property.

The Tenant is responsible for insuring their own vehicle(s) and any personal property kept in or on the vehicle(s).

The Tenant parks and uses the Parking Space at the Tenant’s own risk, except as otherwise provided by applicable law or by written agreement.

Nothing in this section allows the Landlord to act fraudulently or ignore legal duties to maintain safe premises as required by local law.

10. Rules of Conduct and Parking Practices

The Tenant agrees to:

• Park only within the lines or boundaries of the Parking Space and not block access lanes, driveways, or other spaces.

• Observe any posted speed limits, directional signs, and security procedures for the property.

• Avoid creating excessive noise, fumes, or disturbances when entering or exiting the property.

• Follow any written rules or policies for visitors, guest parking, and use of shared areas, as provided or updated by the Landlord in a reasonable manner.

Park only within the lines or boundaries of the Parking Space and not block access lanes, driveways, or other spaces.

Observe any posted speed limits, directional signs, and security procedures for the property.

Avoid creating excessive noise, fumes, or disturbances when entering or exiting the property.

Follow any written rules or policies for visitors, guest parking, and use of shared areas, as provided or updated by the Landlord in a reasonable manner.

11. Default and Remedies

11.1 Tenant Default

The Tenant will be in default if the Tenant:

• Fails to pay rent when due and does not cure within any applicable notice or grace period;

• Materially violates any term of this Agreement or any reasonable written parking rules and does not cure within any applicable notice period;

• Uses the Parking Space for illegal purposes.

Fails to pay rent when due and does not cure within any applicable notice or grace period;

Materially violates any term of this Agreement or any reasonable written parking rules and does not cure within any applicable notice period;

Uses the Parking Space for illegal purposes.

If a default occurs, the Landlord may take actions allowed by law, which may include written notice, termination of this Agreement, and lawful steps to recover possession of the Parking Space, subject to any required procedures.

11.2 Landlord Default

The Landlord will be in default if the Landlord materially fails to perform obligations under this Agreement or applicable law (for example, unjustified denial of access or failure to maintain basic safety), after any required notice and cure period. The Tenant’s remedies will be those available under local law and any lawful terms of this Agreement.

12. Termination and Move-Out

When this Agreement ends for any reason, the Tenant will:

• Remove all vehicles and property from the Parking Space;

• Leave the Parking Space reasonably clean and free of trash, to the extent the Tenant can control;

• Return all keys, remotes, fobs, access cards, or other devices to the Landlord.

Remove all vehicles and property from the Parking Space;

Leave the Parking Space reasonably clean and free of trash, to the extent the Tenant can control;

Return all keys, remotes, fobs, access cards, or other devices to the Landlord.

Any property left behind may be handled according to applicable law (for example, notice and storage/disposal rules).

13. Notices

All notices under this Agreement must be in writing and delivered by one or more of the following methods, as permitted by law:

• Personal delivery;

• Certified or registered mail;

• Recognized courier service;

• Email to the addresses listed in Section 1 (if the parties agree to accept email notices).

Personal delivery;

Certified or registered mail;

Recognized courier service;

Email to the addresses listed in Section 1 (if the parties agree to accept email notices).

Notices will be sent to the addresses in Section 1 unless a party provides a new address in writing.

14. Miscellaneous

• Governing Law: This Agreement is governed by the laws of [State/Province, Country].

• Entire Agreement: This Agreement contains the entire understanding between the parties regarding the Parking Space and replaces any prior written or oral agreements about the same subject.

• Amendments: Any change to this Agreement must be in writing and signed by both parties, unless applicable law provides otherwise.

• Severability: If any part of this Agreement is found invalid or unenforceable, the remaining portions will continue in effect to the extent permitted by law.

Governing Law: This Agreement is governed by the laws of [State/Province, Country].

Entire Agreement: This Agreement contains the entire understanding between the parties regarding the Parking Space and replaces any prior written or oral agreements about the same subject.

Amendments: Any change to this Agreement must be in writing and signed by both parties, unless applicable law provides otherwise.

Severability: If any part of this Agreement is found invalid or unenforceable, the remaining portions will continue in effect to the extent permitted by law.

17. Optional Addenda / Attachments

If used, check and attach:

☐ Parking Rules / Building Rules Addendum

☐ Vehicle Information Schedule

☐ Site Plan or Parking Map Showing the Space

☐ Other: [Description]

16. Signatures

By signing below, the parties agree to be bound by this Parking Space Rental Agreement.

Landlord:

Signature: _______________________________

Printed Name: [Landlord Full Legal Name]

Date: [MM/DD/YYYY]

Tenant:

Signature: _______________________________

Printed Name: [Tenant Full Legal Name]

Date: [MM/DD/YYYY]