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Parking Lot Rental Agreement Template for Philippines

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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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What is a Parking Lot Rental Agreement?

The Parking Lot Rental Agreement is a essential legal document used in the Philippines for formalizing arrangements between parking space owners/operators and tenants seeking to rent parking facilities. This agreement is particularly relevant in urban areas where parking space is limited and requires formal documentation. The document encompasses all necessary elements required under Philippine law, including provisions from the Civil Code of the Philippines, local government regulations, and relevant building codes. It specifies crucial details such as space allocation, rental terms, payment schedules, maintenance responsibilities, and liability provisions. The agreement is designed to protect both parties' interests while ensuring compliance with local regulations and industry standards. It can be customized for various scenarios, from single-space residential parking to large-scale commercial parking facilities, making it a versatile tool for property managers and tenants alike.

What sections should be included in a Parking Lot Rental Agreement?

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

What sections are optional to include in a Parking Lot Rental Agreement?

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

What schedules should be included in a Parking Lot Rental Agreement?

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

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































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Relevant Industries

Real Estate

Property Management

Commercial Real Estate

Retail

Office Space Management

Hospitality

Transportation

Parking Management

Facilities Management

Corporate Services

Relevant Teams

Legal

Operations

Facilities Management

Property Management

Asset Management

Administrative Services

Corporate Real Estate

Contracts Administration

Risk Management

Compliance

Relevant Roles

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

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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