The document is a parking space lease agreement that details the terms and conditions under which a parking space, referred to as the "Parking Space," is rented out. Key elements include:
- Lease Term: Specifies the duration of the lease, including the start date and on a month-to-month basis unless terminated with at least 30 days' notice.
- Fees: Includes monthly or weekly fees for exclusive use of the parking space.
- Subletting: The space cannot be sublet without the lessor's written consent.
- Maintenance: The lessee must maintain vehicle insurance and comply with all applicable laws and regulations.
- Insurance and Registration: Ensures insurance coverage and registration are current and legally compliant.
- Failing to Report Damage: Promptly reporting any damage involving the vehicle in the parking space.
- Governing Law: Governed by state or country law where the parking space is located.
The lease can be used by property owners or managers to formalize the rental arrangement of parking spaces, ensuring all necessary terms and responsibilities are clearly laid out for both parties.