Use our parking space lease agreement template to create a legal contract that regulates a person’s rights to rent a space at designated premises. The agreement is typically entered into between the landlord (owner of the space) and an individual or company (the renter). Our free sample lets you form a binding contract that operates to protect both parties.
This Parking Space Lease Agreement (“The Agreement”) is made and executed as of this (Day) day of (Month), (Year) (“the Effective Date”) by and among/between:
Lessor(s): [Lessor.LastName] , [Lessor.FirstName] , (Age), of legal age, currently residing at [Lessor.StreetAddress] , [Lessor.City] , [Lessor.State] , [Lessor.PostalCode] , [Lessor.Country] (collectively “The Lessor” or “The Landlord”); and
Lessee(s): [Lessee.LastName] , [Lessee.FirstName] , (Age), of legal age, currently residing at [Lessee.StreetAddress] , [Lessee.City] , [Lessee.State] , [Lessee.PostalCode] , [Lessee.Country] (collectively “The Lessee” or “The Tenant”);
Recitals are an essential part of rental agreements. As shown in our free template, they confirm the terms of the parking space agreement, as well as the identities of the parties. These should be filled out in as much detail as possible, indicated in the spaces provided.
The Lessor or the landlord is the party who owns the property or the one who lets a property be leased by another individual or company, particularly a parking space, under this Agreement.
The Lessee or the tenant is the party who holds the lease to a property, particularly a parking space, under this Agreement.
WHEREAS, in consideration of the above recitals, the representations, warranties, covenants, and agreement stated in this Agreement and in good faith and valuable considerations, the receipt and accuracy of which are now acknowledged by both Parties.
WHEREAS, the Lessor is a duly registered and the beneficial owner of the [Lessor.Company] , owns a property that is open to be leased out located at (property address: street name, city, state, postal code, country) established since (property acquisition date).
WHEREAS, the Lessee will rent out the space, particularly the parking space, to be rented out to another individual or company. The parking space is located at the premises of (property address: street name, city, state, postal code, country)
WHEREAS, the Lessor does hereby lease, assign the property, and make over unto the Lessee.
WHEREAS, the Lessor is hereby present and accepting the property assignment for a period of twelve (12) months from (start date) to (end-date).
WHEREAS, the Lessee agrees to pay the stipulated rent in advance that will serve as a security deposit equivalent to three (3) months to the Lessor with the amount of (amount in words), (amount in figures) in (currency) on (day – month – year)
Monthly payment dues depend on the offered amount by the lessor to the lessee as well as other fees that the lessor required, such as the above-stated security deposit, which is the three (3) months advance payment from the lessee.
WHEREAS, the Lessee agrees to pay the amount in installments on a monthly basis with the amount of (amount in words), (amount in figures) in (currency) starting (start date) the lease is due every (day) of the month. Failure to comply on the said due date will incur late payment fees which are 10% of the monthly due.
Billing addresses should include street numbers, cities, states, and area codes. Access ID Numbers should also be recorded in full and verified, with copies of identity cards attached to the parking space rental agreement for confirmation.
Billing Address
Office Address
Contact Number/s
Access ID Number
Vehicle Model #1
Vehicle Model #2
Vehicle Model #3
Our parking space rental agreement template includes these clauses to legally transfer the rights to use the space from the lessor to the lessee. Confirming the period, rental amounts, and security deposits are also critical to provide certainty.
WHEREAS, the Lessee agrees to register all possible private vehicles that would access his/her parking space or designated slot and how many parking spaces the lessee would need. Designated parking space per tenant should be from one (1) up to three (3) maximum registered vehicles only.
WHEREAS, the Lessee agrees to use the parking space for vehicle parking purposes only as certain activities, such as camping, sleeping, or using the parking space as storage for personal belongings, are strictly prohibited. Failure to comply with this rule may result in this Agreement being forfeited and the security deposit amounting to (amount in words), (amount in figures) in (currency) will serve as the penalty payment for the said violation.
The prohibition clause further protects the lessor from the lessee using the space for any other uses other than those specifically contained in the agreement template. The clause further acts as an enforcement mechanism and provides the lessor with the right to terminate the renting parking space contract in the event of a breach.
WHEREAS, this Agreement should be signed in counterpart.
WHEREAS, any request for amendment from any party, Lessor or Lessee, should not be accepted if such requests are not stated or documented in written form.
NOW, THEREFORE, the Parties of this Agreement, the Lessor and the Lessee, acknowledge their part of this Agreement and hereinafter affix their signature.