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Parking Lot Rental Agreement
"I need a Parking Lot Rental Agreement for my company to lease 20 parking spaces in a commercial building in Makati City, Philippines, starting March 1, 2025, with special provisions for electric vehicle charging stations and 24/7 access."
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1. Parties: Identification of the lessor (parking lot owner/operator) and lessee, including complete legal names, addresses, and contact information
2. Background: Context of the agreement, including brief description of the parking facility and purpose of the rental arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Premises: Detailed description of the parking space(s) being rented, including location, dimensions, and space numbers if applicable
5. Term and Renewal: Duration of the rental agreement, commencement date, and conditions for renewal
6. Rental Fee and Payment Terms: Amount of rent, payment schedule, late payment penalties, and security deposit requirements
7. Rights and Obligations of the Lessor: Responsibilities of the parking lot owner including maintenance, security, and access provisions
8. Rights and Obligations of the Lessee: Responsibilities of the tenant including permitted use, vehicle restrictions, and conduct requirements
9. Insurance and Liability: Insurance requirements and allocation of risks between parties
10. Termination: Conditions and procedures for early termination of the agreement
11. Governing Law: Specification that the agreement is governed by Philippine law
12. Dispute Resolution: Process for resolving disputes between parties
13. Notices: Methods and addresses for official communications between parties
14. Entire Agreement: Statement that the document represents the complete agreement between parties
1. Operating Hours: Include when the parking facility has specific operating hours or access restrictions
2. Security Services: Include when additional security services are provided and charged
3. Utilities and Additional Services: Include when charging stations or other utilities are provided
4. Subletting Provisions: Include when subletting of the parking space is permitted
5. Multiple Vehicle Provisions: Include when the agreement covers multiple vehicles or rotating vehicle usage
6. Commercial Use Provisions: Include when the parking space may be used for commercial purposes
7. Force Majeure: Include when specific provisions for natural disasters or unexpected events are necessary
1. Schedule A - Parking Space Plan: Detailed plan or map showing the exact location of the rented parking space(s)
2. Schedule B - Fee Schedule: Detailed breakdown of rental fees, deposits, and other charges
3. Schedule C - Building Rules and Regulations: Specific rules and regulations governing the use of the parking facility
4. Schedule D - Authorized Vehicles: List of vehicles authorized to use the parking space, including registration details
5. Appendix 1 - Access Card/Key Details: Information about access cards, keys, or other entry devices provided
6. Appendix 2 - Maintenance Schedule: Schedule of regular maintenance activities and responsibilities
Authors
Real Estate
Property Management
Commercial Real Estate
Retail
Office Space Management
Hospitality
Transportation
Parking Management
Facilities Management
Corporate Services
Legal
Operations
Facilities Management
Property Management
Asset Management
Administrative Services
Corporate Real Estate
Contracts Administration
Risk Management
Compliance
Property Manager
Facility Manager
Real Estate Manager
Building Administrator
Operations Manager
Legal Counsel
Contracts Manager
Asset Manager
Leasing Manager
Parking Operations Supervisor
Commercial Property Manager
Corporate Services Manager
Administration Manager
Compliance Officer
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