The Simple Parking Space Rental Agreement is designed for use in Nigeria when establishing a formal rental arrangement for a parking space between a property owner (or their representative) and a tenant. This document is particularly relevant in urban areas where parking spaces are valuable assets and require clear contractual arrangements. The agreement complies with Nigerian contract law and property regulations, providing a structured framework for managing parking space rentals. It includes essential provisions such as rental terms, payment schedules, maintenance responsibilities, and usage restrictions, while being adaptable to various contexts from residential buildings to commercial complexes. This document type is commonly used for both short-term and long-term parking arrangements and can be customized based on specific requirements while maintaining legal compliance.
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1. Parties: Identifies and provides full details of the landlord/lessor and tenant/lessee
2. Background: Brief context explaining the purpose of the agreement and the intent of the parties
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Parking Space Details: Specific description and identification of the parking space being rented, including location and any identifying numbers
5. Term and Renewal: Duration of the rental agreement and conditions for renewal
6. Rent and Payment Terms: Rental amount, payment schedule, and accepted payment methods
7. Security Deposit: Amount, terms, and conditions for the security deposit and its return
8. Use of Parking Space: Permitted uses, restrictions, and rules regarding the parking space
9. Maintenance and Repairs: Responsibilities of each party regarding maintenance and repairs
10. Termination: Conditions and process for terminating the agreement
11. Governing Law: Specifies that Nigerian law governs the agreement
12. Signatures: Space for parties to sign and date the agreement
1. Access Cards and Keys: Details about access devices, applicable when the parking space requires special access methods
2. Insurance Requirements: Insurance obligations of either party, if required
3. Subletting: Terms regarding subletting rights, if permitted
4. Vehicle Specifications: Required when specific vehicle types or sizes are permitted/restricted
5. Security Measures: Details of security arrangements, relevant for secured parking facilities
6. Utilities: Included when the parking space includes electrical charging or other utilities
7. Operating Hours: Necessary for parking spaces with restricted access times
1. Schedule A - Parking Space Plan: Detailed plan or drawing showing the exact location and dimensions of the parking space
2. Schedule B - Building Rules: If the parking space is part of a larger facility, the applicable building rules and regulations
3. Schedule C - Payment Schedule: Detailed breakdown of payment dates and amounts if payment terms are complex
4. Schedule D - Condition Report: Documentation of the parking space condition at the start of the rental
5. Appendix 1 - Access Instructions: Detailed instructions for accessing the parking facility, including any security codes or procedures
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