Other Names: Parking Space Rental Agreement Parking Space Lease Parking Spot Lease Agreement Parking Lot Lease Agreement Parking Spot Rental Agreement Parking Agreement
A Parking Space Lease Agreement is a contract for a parking space, allowing a person or entity to use the space for a specific amount of time, and for the specific purpose of parking, in exchange for rent. Parking Space Lease Agreements can help you formalize the agreement between parking space owner and renter.
The purpose of a Parking Space Lease Agreement is to establish the terms under which a tenant can park their vehicle in a designated space, as well as to clarify the responsibilities and rights of each involved party, such as who is responsible for damages or losses that happen in the agreed-upon parking space.
Renting a parking space is advantageous for both the parking spot owner and the renter. In urban areas, parking spots may be scarce and valuable. Perhaps you have extra parking spots available at your apartment building or rental property that you'd like to rent out separately. Either way, you can easily make a legal and professional Parking Space Lease Agreement using our template.
