Parking Yard Lease Agreement Template

Parking Yard Lease Agreement Template

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

1. Parties

Landlord (Owner/Lessor):
Full Legal Name (or Business Name): [Landlord Name]
Address for Notices: [Street Address, City, State/Province, ZIP/Postal Code, Country]
Phone: [Landlord Phone Number]
Email: [Landlord Email Address]

Tenant (Lessee):
Full Legal Name (or Business Name): [Tenant Name]
Address for Notices: [Street Address, City, State/Province, ZIP/Postal Code, Country]
Phone: [Tenant Phone Number]
Email: [Tenant Email Address]

2. Parking Yard Description

Landlord leases to Tenant the following area (the “Parking Yard”):

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

Description of Leased Area:
[Example: “Fenced paved yard of approximately [Size] located on the south side of the property, as outlined in the attached site plan.”]

Approximate Size: [Square feet / Square meters / Acres]

Included features (if any):

• [Perimeter fencing]

• [Gates]

• [Lighting]

• [Security cameras / Guard office]

• [Marked lanes or rows]

• [Other features]

If a site plan or diagram is used, it is attached as Exhibit A – Yard Plan and forms part of this Agreement.

3. Term of Lease

Lease Start Date: [MM/DD/YYYY]

Select one option and complete:

Fixed-Term Lease
End Date: [MM/DD/YYYY]

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

Month-to-Month Lease
The Lease will continue on a month-to-month basis until terminated.

For a month-to-month tenancy, 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 local law.

4. Rent and Payment

Base Monthly Rent: [Currency and Amount]

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

Payment Methods: [Bank transfer, online payment, check, other]

Payment Address / Account: [Payment address or account details]

Late Fee (if permitted by law):
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 allowed by applicable law.

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

5. Security Deposit

Security Deposit Amount: [Currency and Amount or “0”]

Tenant pays the Security Deposit as security for Tenant’s obligations under this Agreement, including payment of rent and repair of damage to the Parking Yard beyond normal wear and tear.

Within the time required by applicable law after Tenant vacates the Parking Yard, removes all vehicles and property, and returns all keys/access devices, Landlord will return any remaining Security Deposit, less lawful deductions. An itemized statement of deductions will be provided if required by law.

6. Permitted Use and Restrictions

6.1 Permitted Use

The Parking Yard may be used only for the following purposes (select or describe):

• Parking and staging of the following types of vehicles and equipment:
  [Examples: “Tractors and semi-trailers,” “box trucks,” “company passenger vehicles,” “construction equipment.”]

• Limited loading/unloading directly related to Tenant’s operations, if allowed: [Yes/No; describe any limits].

6.2 Restrictions

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

• Not to use the Parking Yard as residential space or for overnight accommodation.

• Not to operate a public-facing retail business on the Parking Yard (customers visiting the general public).

• Not to perform major mechanical repairs, painting, welding, or body work, except as specifically allowed here: [Describe permitted work, if any, or “None”].

• Not to store goods, cargo, or materials unrelated to vehicles/equipment, except as permitted in writing.

• Not to store or use explosives, illegal substances, or hazardous, highly flammable, or toxic materials beyond fuel and fluids normally contained in vehicles and equipment.

• Not to overload the surface or structures beyond posted or communicated weight limits.

• To comply with all applicable laws, zoning rules, fire codes, and environmental regulations.

7. Access, Gates, and Hours

Regular Access Hours: [e.g., “24 hours a day, 7 days a week” or “Mon–Sat, 6:00 a.m. to 10:00 p.m.”]

Access Devices Provided (if any):

• Gate code(s): [Code or “To be assigned”]

• Key(s): [Number and description]

• Card(s) / Fob(s) / Remote(s): [Number and description]

Tenant will safeguard all access devices and codes and will share them only with Tenant’s employees, drivers, or authorized contractors. Landlord may change codes or access procedures upon reasonable notice, or immediately if needed for safety or security.

8. Vehicles, Trailers, and Equipment

Tenant may park and store only the following categories of vehicles and equipment in the Parking Yard:

[Examples: “Licensed road tractors and trailers,” “box trucks,” “cargo vans,” “company pickup trucks,” “construction equipment such as loaders and excavators.”]

Maximum number of units allowed at any one time (if any): [Number or “No specified maximum”]

Tenant will ensure that:

• Vehicles and equipment parked on the Parking Yard are in reasonably operable condition and, where required, registered and insured.

• No abandoned, stripped, or junk vehicles are left on the Parking Yard.

• Required license plates, identification markings, and permits remain in place and visible.

9. Maintenance and Repairs

9.1 Landlord Responsibilities

Landlord will:

• Maintain the surface of the Parking Yard (pavement, gravel, or other surface) in a condition reasonably suitable for the permitted use, subject to weather and normal wear.

• Maintain fencing, gates, and any lighting that Landlord has provided, as required by law and this Agreement.

• Maintain common access roads and driveways under Landlord’s control.

9.2 Tenant Responsibilities

Tenant will:

• Keep the Parking Yard area used by Tenant reasonably clean and free of trash, pallets, loose parts, and spilled materials.

• Not intentionally damage pavement, fencing, gates, or structures.

• Be responsible for damage to the Parking Yard or related improvements caused by Tenant’s vehicles, equipment, employees, or contractors, beyond normal wear and tear.

• Promptly notify Landlord of hazards, damage, or unsafe conditions in or around the Parking Yard that Tenant becomes aware of.

10. Insurance and Risk of Loss

• Tenant is responsible for insuring Tenant’s vehicles, trailers, equipment, and any personal property on the Parking Yard.

• Tenant understands that Landlord’s insurance generally does not cover Tenant’s vehicles, equipment, or personal property.

• Tenant uses and occupies the Parking Yard, and parks vehicles and equipment there, at Tenant’s own risk, except as otherwise required by applicable law or expressly stated in this Agreement.

This section does not allow Landlord to avoid duties imposed by local law regarding premises safety.

11. Compliance with Laws and Indemnity

Tenant will:

• Comply with all applicable laws, regulations, and ordinances relating to the use of the Parking Yard and Tenant’s operations.

• Obtain any permits or approvals required for Tenant’s activities at the Parking Yard.

To the extent permitted by law, Tenant will indemnify and hold Landlord harmless from claims, damages, or costs arising from Tenant’s use of the Parking Yard or Tenant’s breach of this Agreement, except to the extent caused by Landlord’s own negligence or wrongful acts.

12. Default and Remedies

12.1 Tenant Default

Tenant is in default if Tenant:

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

• Materially breaches this Agreement or any written yard rules and does not cure within any required notice period;

• Uses the Parking Yard for illegal purposes.

If Tenant defaults, Landlord may take actions allowed by law, which may include:

• Written notice of default and an opportunity to cure;

• Termination of this Agreement;

• Lawful steps to recover possession of the Parking Yard and to have Tenant’s vehicles and equipment removed, subject to any required legal procedures.

12.2 Landlord Default

Landlord is in default if Landlord materially fails to perform obligations under this Agreement or applicable law after any required notice and cure period. Tenant’s remedies will be those available under local law and any lawful terms of this Agreement.

13. Termination and Surrender

When this Agreement ends for any reason, Tenant will:

• Pay all rent and charges owed through the end of the Lease term;

• Remove all vehicles, trailers, equipment, and personal property from the Parking Yard by the termination date or any other date agreed in writing;

• Leave the Parking Yard in reasonably clean condition, free of trash and abandoned items, subject to normal wear and tear;

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

Any property left behind may be handled according to applicable law, which may include storage, towing, sale, or disposal after any required notices.

14. 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 both parties agree to accept email notices.

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

15. Miscellaneous

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

Entire Agreement:
This Agreement, together with any written yard rules and attachments referenced in it, is the entire agreement between the parties regarding the Parking Yard and replaces any prior written or oral agreements on 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 provisions will continue in effect to the extent permitted by law.

16. Signatures

By signing below, the parties agree to be bound by this Parking Yard Lease Agreement.

Landlord:
Signature: _______________________________
Printed Name: [Landlord Name or Authorized Signer]
Title (if business): [Title]
Date: [MM/DD/YYYY]

Tenant:
Signature: _______________________________
Printed Name: [Tenant Name or Authorized Signer]
Title (if business): [Title]
Date: [MM/DD/YYYY]

17. Optional Attachments

If used, check and attach:

☐ Exhibit A – Site Plan / Yard Diagram
☐ Yard Rules and Regulations
☐ Rate and Fee Schedule
☐ Condition Report at Start of Lease
☐ Other Addendum: [Description]