Creating a Complete Parking Spot Rental Agreement PDF

Parking Space Rental Agreements: The Basics

A parking space rental agreement is a legally-binding contract that specifies the terms between a landlord or property owner who will be leasing a parking space for a temporary period to a tenant. Like many rental leases, a parking space agreement typically includes the amount of rent owed, payment terms, term of tenancy, and information about parking space maintenance and repairs . A rental agreement may also contain specific clauses that highlight the behavior required of the tenant while using the space—including whether the tenant is allowed to invite guests to use the space or larger vehicles to surround the space. Finally, a parking space rental agreement can include more general provisions as well, including provisions related to statute of limitations, dispute resolution, mediation, repairs, and rent collection.

Key Provisions for Establishing a Rental Agreement

The rental agreement serves as the backbone of the parking space rental arrangement, setting the ground rules and expectations for both the renter and the property owner. Some essential clauses to consider when drafting a rental agreement are:
Terms of Use: This section should clearly state the purpose for which the parking space may be used. For example, is it for a personal use vehicle, or is it available for commercial use such as for ride-sharing services or car owners seeking secure long-term off-street parking? When a tenant requires the parking space for vehicular purposes only, that should be explicitly stated in order to avoid any potential liability.
Duration: The parking space rental may be for an indefinite or definite period. A rental paid month-to-month or year-to-year will likely be interpreted as creating an indefinite agreement with no termination set out. If a fixed term is preferred, the rental should be expressed as a specified period (e.g. six months, one year), indicating the start date and end date of the rental period.
Fees: It makes sense that a rental agreement contains terms relating to the payment of any fees for the renting of the parking space, including the amount of the rental fee and the frequency of payment (weekly, monthly, annual), as well as the form of payment (cheque or money order). In the event of non-payment, litigation against a defaulting tenant for the money owed should be fairly easily accomplished through the courts.
Termination: The rental agreement should also contain a clause outlining the procedures for terminating the contract. If each side has the right to terminate the rental, the notice period (i.e. 30 days prior to the term of the agreement or renewal) should be clearly spelled out. It should also be indicated whether there are circumstances where the rental can be terminated without notice such as in the event of a breach of the agreement.

Advantages of Storing the Rental Agreement in PDF Format

When you are leasing a parking space, a rental agreement is often required. A parking rental agreement is a contract between two parties to establish a monthly rent due for the usage of a parking space, especially if your customers park in your lot and leave their vehicle there indefinitely. Rental agreements between parking space owners and their clients are often set up on a monthly rate to protect both parties. This type of rental agreement is common for parking spaces in private lots, airports, hotels, motels, and even apartment complexes and private single-car garages. Therefore, having a rental agreement readily available is almost essential to your parking space rental business.
You may have the ability to create a printable parking space rental agreement using an online template or even standard word-processing software. These are all excellent ways to make it more accessible for you as the owner to print off a copy quickly and avoid the need to draft proofs or proofs. However, creating a beautifully formatted rental agreement template that you can use any time often only requires access to a computer and a printer. For those with limited computer skills, creating a rental agreement from scratch using word-processing software is nearly impossible. There are BMW Group Services, LLC and Toyota Motor Credit Corp., both of which provide accountants and business professionals with the resources they need to build a perfect parking space rental agreement template.
Above all else, PDF format is easily the best choice for parking space rental agreements. First, PDF format is truly universal, meaning that you don’t need special software to access the document. Instead, you can send a copy of the rental agreement to anyone via email or print it on your own printer. Rental agreements are still legally binding and enforceable as contracts when printed on plain white paper, so you don’t need to worry about spending extra money on expensive paper or ink.
But perhaps the best feature of using a rental agreement template is that you just need to click the "save" button when you are done with it. You can also customize it as you need to. That said, once you save the rental agreement, it will be automatically saved in a format that is easily accessible on any computer, making it easy to send a copy to someone if needed. You can even send them an electronic copy of the rental agreement template, allowing them to fill it out on their computer as well.
PDF format makes it easier than ever to find a parking space rental agreement that works for you. It’s easy to use, versatile, and affordable, making it the right solution for you. In addition to this, it’s also easy to send to others or to customize it as you like, giving you more control over how you share it. When you choose to use a rental agreement in PDF format, you’ll quickly realize just how time-saving and effective these documents are and how easy they are to work with.

How to Make a Parking Spot Rental Agreement in PDF Format

To create a parking space rental agreement in PDF format, simply follow the steps below:
Choose a Template: The first step is to select a template that best fits your rental property. Reach out to someone with experience with the process to find the right template for your needs. At TemplateLab, you can find numerous blank PDF templates for parking space rental agreements that can easily be downloaded and filled out.
Download a Blank Template: Once you have chosen a template, download a blank form. There are many websites that offer blank PDF templates for you to download for free. Alternatively, you can open a word editing program such as Microsoft Word or Google Docs, write out the parking space rental agreement, then download the form as a PDF document.
Fill Out Template: The third step requires filling out the template . You may choose to print it out, fill it by hand, then scan it to a digital format. Alternatively, you may opt to insert all necessary information directly into the PDF by using the PDF builder of your choice. Most computer systems come with a simple built-in PDF creator. If your computer does not, several websites allow you to create PDF files right from their home page.
Convert to PDF: In the final step, you will need to convert your parking space rental agreement to PDF format and save it. Most programs will automatically save the edited document as a PDF file. To be on the safe side, however, always review the website’s "FAQ" or "Help" pages to determine if you will need to manually convert the document. If you have chosen to draft your rental agreement in an alternative program such as Microsoft Word, be sure to let the software know that you would like to save the file in PDF format.

Legal Requirements and Considerations

It goes without saying that all contractual agreements must comply with the relevant laws and regulations of the jurisdiction where the contract is enforced. When it comes to parking space rental agreements, this is no exception. Landlords should familiarize themselves with the local laws surrounding questions such as safety requirements for construction or installation, whether a license is needed for receiving payments on site, or if they are required to segregate the funds received for parking space rental agreements from other rents that they may be receiving.
The provisions of the Limitation Act are also relevant when you consider entering into a parking space rental agreement. Depending on the specific location of the parking space, different limitations periods will apply for actions that arise before the expiration of the parking space rental agreement. If a parking space has an twelve-month limitation period, for example, and there is a pre-existing defect at the time the agreement is entered into, then the landlord may be liable for both the previous and the new twelve-month limitation periods.
Landlords may also have imposed upon them a general duty of care to all members of the public who enter the lot, which can also include the tenants. If a tenant is hurt due to the negligence of the landlord or property manager to their guests or members of the public, and the tenant is injured as a result, then the landlord may also be liable to the injured parties.

Resources and Templates for Drafting Agreements

The advent of the Internet has simplified the business of creating and managing a parking space rental agreement. Web resources dedicated to providing templates for your car parking space rental agreement are plenty. Depending on the specific resource you use, you will be able to download a generic or already customized rental contract for your parking space and print it on your own. The best part of all these resources is probably the fact that they are free. Many are available in different digital forms, ranging from Microsoft Word files to standard PDFs. Therefore, it will not be difficult for you to find the one that best fits your style.
Types of Tools Available Online
You can make use of two main types of tools and templates when creating a car parking space rental agreement. The first type will require you to fill in requested information such as your name and other details manually after downloading it. In other words, the template provided online will have blank fields for you to fill in with your specifics. The second type can be filled in online, directly on your computer. The choice of the type of tool to use depends on your own preferences. If you want to have a complete control on the drafting process (and therefore to revise , reprint and make changes to your parking space rental agreement), you may find it more convenient to download the blank template and fill it in yourself. Otherwise, you can use the online tool and print the completed parking space rental agreement from your computer at will.
If you want to use a parking space rental agreement template in Microsoft Word or another word processing software application, these are a few of the resources that can help you get started: Other resources exist only for those who plan to rent out a parking spot included in a residential development (for example an apartment complex); in such cases, you may wish to refer to real estate websites such as Appfolio.com. These web resources are accessible to all and are very easy to use, eliminating the need for any particular drafting skills. In addition to being totally free, these templates and online tools also help save you time. All the templates trace their origin to real contracts and agreements previously used by landlords and car parking space renters. Even the online tools, while customizable, are based on real previous contracts frequently used in practice.