Free Parking Lot Lease Agreement Outline Template
Parking Lot Lease Agreement Outline
This Parking Lot Lease Agreement ("Agreement") is made and entered into as of [Date] by and between [Lessor's Name] ("Lessor"), whose address is [Lessor's Address], and [Lessee's Name] ("Lessee"), whose address is [Lessee's Address].
I. Premises
The Lessor hereby leases to the Lessee a parking lot located at [Parking Lot Address] ("Premises"). The Premises consist of [Number of Parking Spaces] parking spaces, which are to be used by the Lessee for parking purposes only.
II. Term
The initial term of this Agreement shall begin on [Start Date] and shall continue for a period of [Lease Duration] months, concluding on [End Date].
III. Rent
3.1 Rent Amount
The Lessee agrees to pay to the Lessor monthly rent of [Rent Amount] for the use of the Premises.
3.2 Payment Due Date
Rent shall be due and payable in advance on the first day of each calendar month, commencing on [Commencement Date].
IV. Use of Premises
The Premises shall be used and occupied solely for the parking of vehicles. The Lessee shall comply with all municipal, county, state, and federal laws and regulations applicable to the Premises.
V. Maintenance and Repairs
The Lessor shall be responsible for the general maintenance of the Premises, including pavement repairs and landscaping. The Lessee shall notify the Lessor of any necessary repairs in a timely manner.
VI. Indemnification
The Lessee agrees to indemnify and hold the Lessor harmless from any and all claims, actions, damages, liabilities, and expenses, including reasonable attorney's fees, resulting from the Lessee's use of the Premises.
VII. Insurance
Lessee shall maintain, at its own expense, public liability insurance in an amount not less than [Insurance Amount], naming the Lessor as an additional insured.
VIII. Termination
8.1 Termination by Lessor
The Lessor may terminate this Agreement upon [Notice Period] days written notice to Lessee if Lessee fails to pay rent or otherwise breaches this Agreement.
8.2 Termination by Lessee
The Lessee may terminate this Agreement upon [Notice Period] days written notice to Lessor prior to the end of the term.
IX. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [State].
X. Entire Agreement
This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, representations, or agreements, either written or oral.
Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Parking Lot Lease Agreement as of the date first above written.
Lessor
Lessee
