Document background
The Car Residential Lease Agreement is a specialized legal document used in Pakistan when leasing residential property that includes dedicated parking facilities. This document is particularly relevant in urban areas where parking space is limited and valuable, such as major cities like Karachi, Lahore, and Islamabad. The agreement combines elements of traditional residential leases with specific provisions for vehicle accommodation, making it essential for properties with designated parking spaces. It must comply with various Pakistani legal frameworks, including the Transfer of Property Act, Motor Vehicles Ordinance, and relevant provincial legislation. The document is designed to prevent common disputes related to parking rights, vehicle restrictions, and maintenance responsibilities while protecting the interests of both landlords and tenants. It's particularly important in modern residential complexes and apartment buildings where parking allocation is a significant aspect of the property's value proposition.
