Parking Space Lease Agreement - Template, Sample Form
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Parking Space Lease Agreement
Alabama
This Parking Space Lease Agreement, hereinafter referred to as the "Agreement," is entered into and made effective as of the date set forth at the end of this document by and between the following parties:
________, a Corporation, having its principal place of business at the following address:
________
and ________, a Corporation, having its principal place of business at the following address:
________
Hereinafter, "Lessor" will refer to and be used to describe the following party: ________. "Lessee" will refer to and be used to describe the following party: ________. Lessor and Lessee may be referred to individually as "Party" and collectively as the "Parties."
RECITALS:
WHEREAS, Lessor wishes to offer for rent a parking space,
WHEREAS, Lessee wishes to rent such parking space from Lessor;
NOW, therefore, in consideration of the promises and covenants contained herein, as well as other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged), the Parties do hereby agree as follows:
Article I - LEASE OF SPACE:
1. Lessor hereby agrees to provide, and Lessee agrees to rent, the parking space located at the following address:
________
with the following description:
________
2. Lessee's lease of the parking space will hereinafter be described as the "Lease."
Article II - ATTENDANTS:
3. The parking lot may be supervised by parking attendants. In the event that Lessee uses such attendant to park or drive Lessee's vehicle, sole risk of any resulting loss lies with Lessee and Lessee shall indemnify Lessor for any loss resulting from such use.
Article III - DURATION OF LEASE:
4. The Lease will begin on ________ ("Start Date") and end on ________ ("End Date").
Article IV - PRICE:
5. For the Lease, Lessee agrees to pay and Lessor agrees to accept the following amount: $________ (________) (the "Lease Price"), as a flat fee for the entire Lease. This Lease Price is exclusive of any applicable taxes.
6. The "Lease Price" will be paid ________.
7. The Lessor and the Lessee each acknowledge the sufficiency of the Lease Price as consideration.
8. The Lease Price will be paid in one of the following methods of payment:
________
Article V - DEPOSIT:
9. A security deposit of the following amount is required: $________ (________) ("Deposit"). The Deposit will be due on ________.
10. After the Lease is entirely completed and the parking space has been relinquished back to the Lessor, Lessee will get the Deposit back in total.
11. The Deposit may be refundable in case the Lease is cancelled prior to its beginning, at Lessor's sole and exclusive discretion.
Article VI - DISCLAIMER OF WARRANTY:
12. Lessor and Lessee each agree that the parking space is being leased "as is" and that Lessor hereby expressly disclaims any and all warranties of quality, whether express or implied, including but not limited the warranties of merchantability and fitness for a particular purpose.
Article VII - LIMITATION OF LIABILITY:
Article VIII - TERMINATION:
Either Party may terminate this Agreement prior to the End Date by providing written notice to the other Party. In the event of such early termination, Lessee shall remain responsible for any amounts due and owing up to the effective date of termination. Upon termination, Lessee shall promptly remove its vehicle and any personal property from the parking space and relinquish the parking space back to Lessor in the same condition as at the Start Date.
Article IX - USE OF PARKING SPACE:
Lessee agrees to use the parking space solely for the purpose of parking a vehicle and for no other purpose. Lessee shall comply with all applicable laws, rules, regulations, and any posted signage or instructions of Lessor governing the use of the parking lot and parking space. Lessee shall not assign or sublet the parking space to any other person or party without the prior written consent of Lessor.
Article X - GENERAL PROVISIONS:
14. GOVERNING LAW: This Agreement shall be governed in all respects by the laws of the state of Alabama and any applicable federal law. Both Parties consent to jurisdiction under the state and federal courts within the state of Alabama. The Parties agree that this choice of law, venue, and jurisdiction provision is not permissive, but rather mandatory in nature.
15. LANGUAGE: All communications made or notices given pursuant to this Agreement shall be in the English language.
16. ASSIGNMENT: This Agreement, or the rights granted hereunder, may not be assigned, sold, leased or otherwise transferred in whole or part by either Party.
17. AMENDMENTS: This Agreement may only be amended in writing signed by both Parties.
18. NO WAIVER: None of the terms of this Agreement shall be deemed to have been waived by any act or acquiescence of either Party. Only an additional written agreement can constitute waiver of any of the terms of this Agreement between the Parties. No waiver of any term or provision of this Agreement shall constitute a waiver of any other term or provision or of the same provision on a future date. Failure of either Party to enforce any term of this Agreement shall not constitute waiver of such term or any other term.
20. ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the Parties and supersedes any prior or contemporaneous understandings, whether written or oral.
21. HEADINGS: Headings to this Agreement are for convenience only and shall not be construed to limit or otherwise affect the terms of this Agreement.
22. COUNTERPARTS: This Agreement may be executed in counterparts, all of which shall constitute a single agreement. If the dates set forth at the end of this document are different, this Agreement is to be considered effective as of the date that both Parties have signed the agreement, which may be the later date.
23. FORCE MAJEURE/EXCUSE: Neither Party is liable to the other for any failure to perform due to causes beyond its reasonable control including, but not limited to, acts of God, acts of civil authorities, acts of military authorities, riots, embargoes, acts of nature and natural disasters, and other acts which may be due to unforeseen circumstances.
24. NOTICES ELECTRONIC COMMUNICATIONS PERMITTED: Any notice to be given under this Agreement shall be in writing and shall be sent by first class mail or airmail to the address of the relevant Party set out at the head of this Agreement. Notices may also be sent via email to the relevant email address set out below, if any, or other email address as that Party may from time to time notify to the other Party in accordance with this clause.
The relevant email contact information for Lessor is as follows: ________.
The relevant email contact information for Lessee is as follows: ________.
25. Notices sent as above shall be deemed to have been received 3 working days after the day of posting (in the case of inland first class mail), or 7 working days after the date of posting (in the case of airmail).
26. In proving the giving of a notice it shall be sufficient to prove that the notice was left, or that the envelope containing the notice was properly addressed and posted, as the case may be.
EXECUTION:
Name: ________
Representative Name:________________________
Representative Title:_________________________
Representative Signature:_____________________
Date:_____________________________________
Name: ________
Representative Name:________________________
Representative Title:_________________________
Representative Signature:_____________________
Date:_____________________________________
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