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Commercial Parking Lot Lease Agreement
"I need a Commercial Parking Lot Lease Agreement for a 200-space parking facility in central Auckland, which will be managed using an automated parking system and includes revenue sharing arrangements with the tenant, starting from March 2025."
1. Parties: Identifies and provides full legal details of the landlord/lessor and tenant/lessee
2. Background: Outlines the context of the agreement, including property details and purpose of the lease
3. Definitions: Defines key terms used throughout the agreement
4. Grant of Lease: Formally establishes the lease and specifies the leased area
5. Term and Renewal: Specifies the initial lease term, commencement date, and any renewal options
6. Rent and Operating Expenses: Details the rent amount, payment terms, and operating expense obligations
7. Use of Premises: Specifies permitted uses of the parking lot and any restrictions
8. Maintenance and Repairs: Outlines maintenance responsibilities of both parties
9. Insurance and Liability: Specifies required insurance coverage and liability obligations
10. Default and Remedies: Defines events of default and available remedies
11. Assignment and Subletting: Sets conditions for transferring or subletting the lease
12. Termination: Specifies conditions and procedures for lease termination
13. General Provisions: Includes standard legal provisions such as governing law and notices
1. Operating Hours: Required when specific operating hours need to be established for the parking facility
2. Security Requirements: Needed when specific security measures or systems are required
3. Revenue Sharing: Include when there's an agreement to share parking revenue between parties
4. Environmental Compliance: Required when specific environmental requirements or concerns need addressing
5. Development Rights: Include when future development or modification rights need to be addressed
6. Digital Systems and Technology: Needed when parking management systems or technology are part of the lease
7. Staff Parking Provisions: Include when specific arrangements for staff parking need to be addressed
8. Special Events Management: Required when the parking lot may be used for special events
1. Schedule 1: Property Description: Detailed description of the parking lot, including plans and measurements
2. Schedule 2: Rent Schedule: Detailed breakdown of rent calculations and payment schedules
3. Schedule 3: Operating Expenses: Itemized list of operating expenses and allocation methods
4. Schedule 4: Maintenance Schedule: Detailed maintenance requirements and schedules
5. Schedule 5: Insurance Requirements: Specific insurance requirements and minimum coverage amounts
6. Appendix A: Site Plan: Detailed plan showing parking layout, access points, and facilities
7. Appendix B: Building Rules: Specific rules and regulations for use of the parking facility
8. Appendix C: Condition Report: Initial condition report of the parking facility
Authors
Commercial Real Estate
Retail
Office Space Management
Shopping Centers
Healthcare Facilities
Entertainment Venues
Transportation and Logistics
Hospitality
Education
Corporate Services
Parking Management Services
Legal
Operations
Facilities Management
Property Management
Risk Management
Asset Management
Commercial Leasing
Compliance
Real Estate
Contract Administration
Property Manager
Facilities Manager
Real Estate Manager
Commercial Lease Administrator
Operations Manager
Legal Counsel
Risk Manager
Asset Manager
Building Manager
Parking Operations Manager
Commercial Property Director
Leasing Executive
Compliance Officer
Contract Administrator
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