Parking Space Lease

Landlords that have unassigned or extra parking spaces at their buildings often choose to rent those to Tenants. Whenever this is done, it’s important to provide specifics about the rental agreement including the term, rent amount, and subletting rules.

Additionally, to make sure the property stays in good condition and to avoid unnecessary conflicts, it’s important for Landlords to provide specifics about how the parking space may be used. This includes:

• Specifying that it can only be used for parking a vehicle - not as storage
• Requiring Tenants to keep the parked vehicle in good condition
• Requiring Tenants to ensure that the vehicle parked in the space is current with registration and insurance requirements

Our Parking Space Lease covers all of these terms and is EZ to customize. Any time that you’re leasing a parking space, we recommend that you use this form to make sure that you address all key terms and leave no confusion about roles or responsibilities.