Parking Space Rental Agreement

This Parking Space Rental Agreement sets forth an agreement for a lessee to rent a

parking space from the lessor. The lessee gains an exclusive use of a parking space in

exchange for payment, which is made to the lessor on a monthly basis in advance. This

sample agreement states that the lessee bears all risk of loss and that the lessee may

only use the space for parking, not for storage or other purposes. This agreement

should be used by landlords or property managers to lease a parking space to a

residential or commercial tenant.

PARKING SPACE RENTAL AGREEMENT





THIS PARKING SPACE RENTAL AGREEMENT (the “Agreement”), entered into this

______ day of _______________, 20______, between ___________________ (hereinafter

referred to as the “Lessor”) and _________________________ (hereinafter referred to as the

“Lessee”).



WHEREAS the Lessee hereby agrees to rent from the Lessor _________ (____) parking

space(s) (the “Parking Space”) located at _________________________ (the “Location”), on the

following terms and conditions set forth below:



TERMS AND CONDITIONS



1. Rental Terrm. The Lessor and the Lessee hereby acknowledge and agree that the Lessee

shall rent the Parking Space from the Lessor for a period of ___________ (____)

days/months, commencing on the ______ day of ______________, 20______, and

ending on the _____ day of _____________, 20_____ (the “Term”).



2. Security Deposit. The Lessee hereby agrees to pay the Lessor one (1) months security

deposit in the amount of ______________ [Insert written amount] ($_____). The

Lessor shall return the deposit, minus any offsets, to the Lessee upon termination of the

rental term.



3. Rental Amount. The Lessee hereby agrees to pay to the Lessor the sum of

______________ [Insert written amount] ($_____) per month for the use of the Parking

Space and will pay such sum to Lessor in person or by mail at

__________________________.



4. Due Date. All payments for use of the Parking Space shall be paid in advance by the

Lessee to the Lessor no later than the _________ [Insent date] (____) day of each and

every month.



5. Method of Payment. Upon request by Lessee, either verbal or written, the Lessor

hereby agrees to issue to the Lessor for any and all amounts paid by the Lessee to the

Lessor. Such receipts shall indicate the amount(s) paid by the Lessee and the period for

which such payment was made.

6. Nonpayment. If in the event, the Lessee fails to pay such sum to the Lessor on the

agreed due date, the Lessor shall have the right to tow Lessee’s vehicle(s) from the

Parking Space. Any costs incurred by the Lessor to tow the Lessee’s vehicle(s) from the

Parking Space for failure to pay any and all sums due and owing to the Lessor, shall be

the sole responsibility of the Lessee. The Lessee hereby agrees to pay such costs incurred

by the Lessor for the towing of the Lessee’s vehicle(s) within ______ [Insert date] (__)

days of the Lessor providing to the Lessee receipts for such towing costs.



7. Rent Increase. Due to economic or market fluctuation, the Lessor shall have the right to

increase rental rate upon reasonable written notice to the Lessee.



8. Use of Parking Space. The Lessee shall use and occupy the Parking Space for parking

purposes only. At no time shall the Lessee use Parking Space as a storage area or

conduct or perform any mechanical repairs and/or maintenance to his/hers vehicle(s) or

3rd party vehicle(s) in the Parking Space. If in the event there are any oil or grease spills

or excessive stains in the parking space, the Lessee shall make reasonable efforts to clean

it up. The Lessee shall throw away any and all trash in the Parking Space and shall keep

the Parking Space free from any debris. If in the event the Lessee fails use the parking

space for its intended purpose or to keep the parking space clean after ____ [Insert

written number of day(s)] (____) days of written notice to correct by the Lessor to the

Lessee, the Lessor shall remove and relocate any stored materials or possessions to an

outside storage facility or make reasonable effort to clean the parking space at the

Lessee’s expense.



9. Risk of Loss. The Lessor and the Lessee hereby acknowledge and agree that any items

left unattended in the Lessor’s vehicle(s) are done so at the Lessee’s own risk and the

Lessee hereby acknowledges and agrees that the Lessor shall not be held liable or

responsible for any theft, damage or loss of possessions to or from the Lessor’s vehicle(s)

whether such damage is caused by other vehicles or persons in the parking lot and the

surrounding areas.



10. Notices. Any notice, request, demand, approval, consent or other communication

provided or permitted hereunder shall be in writing and given by personal delivery or sent

by regist