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How is Open parking defined in a legal contract?

• Open parking means permit-holders are allowed to park in any non-resident parking space during specified open parking times. These times are from the evening until early morning on every weekday, and all times during the weekend, unless otherwise determined by a decision-making authority. Seen in 5 SEC filings.

Please note, the second definition provided has been omitted due to mention of clauses and schedules.

Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Open parking means designated parking spaces, accessible to permit-holders at all non-reserved times.

Relevant Contract Types

• Real Estate Lease Agreement
• Commercial Property Lease Agreement
• Parking Space Lease Agreement
• Retail Lease Agreement

Relevant Circumstances

• Leasing or renting commercial space that includes parking.
• An agreement between a municipality and a business for public parking in a commercial district.
• Establishing employee parking policies in a business area.
• Defining parking privileges in residential communities or buildings with limited parking slots.

Relevant Sectors

• Real Estate
• Retail
• Construction
• Automotive

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