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How to Write a Parking Agreement

As a property owner or manager, creating a parking agreement is an important step in establishing clear regulations for parking on your property. A well-crafted parking agreement can help avoid disputes between tenants, visitors, and the property owner regarding parking procedures, responsibilities, and fees.

Here are some key steps involved in writing a clear and effective parking agreement:

1. Identify the parties involved:

Begin by clearly identifying who is involved in the parking agreement. This includes the property owner, tenants and visitors who will be parking on the property.

2. Determine the parking rules and regulations:

Consider the number of parking spaces available, and determine how they will be allocated. Will tenants have their own reserved spaces? Will visitors be required to park in designated areas? Establish clear guidelines for permitted and prohibited activities, such as parking in disabled spaces or abandoning vehicles.

3. Set the parking fee:

If parking fees will be charged, specify the amount, how they will be paid, and when the payments are due. Be sure to outline any late payment or non-payment penalties.

4. Establish a time frame:

Specify the duration of the parking agreement, whether it`s ongoing or on a specific lease term. Include details about how the agreement can be extended or terminated.

5. Include clauses for liability and maintenance:

Address liability issues by clarifying who is responsible for any damage to vehicles or property, and outline procedures for resolving disputes. Additionally, outline maintenance requirements such as snow removal, pothole repairs and any expenses that may occur.

6. Get the agreement in writing:

It`s essential to have a written agreement to ensure all parties are on the same page. The agreement should be signed by both the property owner and the tenant, and each party should receive a copy.

By following these steps, property owners and managers can create a comprehensive parking agreement that protects their property and helps ensure that tenants and visitors understand parking rules and regulations. Furthermore, by emphasizing the importance of the parking agreement, all parties will be aware of the consequences of violating the terms and conditions.