If you`re a property owner or manager, you probably have a parking lot on your premises. To ensure the smooth flow of vehicles and prevent any legal issues, it`s important to have a parking lot contract in place.
What is a Parking Lot Contract?
A parking lot contract is a legal agreement between the property owner (or manager) and the user of the parking space. This contract outlines the terms and conditions of parking in the lot, as well as the consequences for violating these rules.
Why Do You Need a Parking Lot Contract?
There are several reasons why you need a parking lot contract, such as:
1. Liability Protection: A parking lot contract can protect you against any damages or injuries that occur on the property.
2. Parking Space Allocation: A contract can also ensure that parking spots are allocated to specific tenants, employees, or visitors.
3. Revenue Generation: If you charge for parking, a contract can outline the fees and payment terms.
4. Enforcement: A contract can serve as proof of the rules and penalties, making enforcement easier.
What Should be Included in a Parking Lot Contract?
A parking lot contract should include the following clauses:
1. Identification of Parties: The contract should clearly identify the property owner or manager and the user of the parking space.
2. Term of the Contract: The contract should specify the duration of the agreement.
3. Use of the Parking Space: The contract should outline the permitted uses of the parking space, such as the type of vehicles allowed and the number of spaces allotted.
4. Prohibited Activities: The contract should also include a list of prohibited activities, such as parking in a handicap spot without proper documentation, or selling or repairing vehicles in the lot.
5. Fees and Payments: If applicable, the contract should specify the fees and payment terms for parking in the lot.
6. Penalties: The contract should outline the penalties for violating the rules, such as fines or towing fees.
7. Indemnification: The contract should contain an indemnification clause, which protects the property owner or manager against any damages or injuries that occur on the property.
Conclusion
A parking lot contract can protect property owners or managers from legal issues, while also ensuring that parking spaces are allocated properly. When drafting a parking lot contract, it`s important to include all necessary clauses and ensure that both parties understand the terms and conditions of the agreement.