Parking Lot Lease Agreement

Document Type
Microsoft Word (Editable)
Pages
3
Price: KES 200
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Document Overview

A Parking Lot Lease Agreement is a formal real estate document that sets out the terms under which a landlord (property owner) leases a designated parking space or lot to a tenant (vehicle owner, business, or resident) for a defined period.

Key Components of a Parking Lot Lease Agreement:
1. Parties Involved
2. Description of the Parking Space
3. Term of the Lease
4. Rent and Deposit
5. Permitted Use
6. Tenant’s Responsibilities
7. Landlord’s Responsibilities
8. Access and Hours
9. Termination
10. Risk and Liability
11. Dispute Resolution
12. Governing Law
13. Signatures and Witnesses

Purpose of a Parking Lot Lease Agreement
1. Establishes a Legal Relationship.
2. Prevents Unauthorized Use.
3. Outlines Payment Obligations.
4. Provides Liability Protection.
5. Supports Dispute Resolution.

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