A parking agreement contract is a legal document that outlines the terms and conditions of a parking arrangement between two parties. This document serves as a written agreement that protects both parties` interests and provides a clear understanding of the responsibilities involved. If you`re in need of a parking agreement contract, then read on to learn more about what a sample parking agreement contract should include.
1. Parties Involved
The first section of a parking agreement contract should clearly state the parties involved in the agreement. This includes the name, address, and contact information of the property owner and the person or entity who will be using the parking space(s).
2. Parking Space Description
The next section should provide a detailed description of the parking space(s) being rented out. This includes the location of the parking space(s), the number of spaces included in the rental, and any restrictions on parking (such as size, type of vehicle, etc.).
3. Term & Rent
The term of the parking agreement contract should also be specified. This means the start and end dates of the rental period. Additionally, the rent amount should be agreed upon by both parties, including the payment schedule and any applicable fees.
4. Use of Space
The agreement should also outline the specific use of the parking space(s). This includes how the space(s) will be used (i.e. for storing a vehicle, bus, or RV), who can use the space(s), and any restrictions on how the space(s) can be used.
5. Maintenance & Repairs
The next section should address the maintenance and repair responsibilities associated with the parking space(s). This includes who is responsible for keeping the space(s) clean, how any damage will be handled, and who is responsible for repairs (i.e. graffiti removal, bumper damage, etc.).
6. Insurance & Liability
It`s also important to outline the insurance and liability responsibilities of both parties. This includes who is responsible for any damages or theft that occurs on or near the parking space(s), and who is required to carry insurance.
7. Termination & Renewal
Finally, the agreement should detail the termination and renewal process. This includes how the rental period can be terminated early or renewed, and any notice requirements for either party.
Creating a parking agreement contract may seem daunting, but it`s essential for protecting both parties` interests. A sample parking agreement should include detailed descriptions of the parties involved, parking space description, term and rent, use of space, maintenance and repairs, insurance and liability, and termination and renewal. Always consult with an attorney to ensure your contract is legally sound and covers all necessary areas.