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Parking Lease Agreement Template for Singapore

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Key Requirements PROMPT example:

Parking Lease Agreement

"I need a Parking Lease Agreement for a 50-space parking facility in a commercial building in Singapore's CBD, starting from March 1, 2025, with specific provisions for electric vehicle charging stations and 24/7 security monitoring."

Document background
The Parking Lease Agreement is essential for formalizing arrangements between parking space owners/operators and users in Singapore. It provides a comprehensive framework for managing parking facilities while ensuring compliance with Singapore's Parking Places Act, URA guidelines, and other relevant regulations. This document is particularly important in Singapore's dense urban environment where parking spaces are valuable assets. The agreement typically includes specific provisions for access rights, maintenance responsibilities, security measures, and payment terms, while addressing local authority requirements and building management rules.
Suggested Sections

1. Parties: Identifies the lessor (parking space owner/operator) and lessee (parker), including full legal names, registration numbers for companies, and addresses

2. Background: Brief context about the parking space and purpose of the agreement

3. Definitions: Key terms used throughout the agreement including 'Parking Space', 'Common Areas', 'Permitted Use', 'Term'

4. Grant of Lease: Specific details of the parking space(s) being leased and access rights

5. Term and Renewal: Duration of lease and any renewal options

6. Rent and Payment Terms: Amount, payment schedule, and method of payment

7. Use Restrictions: Permitted vehicle types, activities, and usage limitations

8. Maintenance and Repairs: Responsibilities of each party regarding upkeep

9. Termination: Conditions and process for ending the agreement

Optional Sections

1. Security Deposit: Terms of security deposit if required - used for long-term or high-value parking arrangements

2. Insurance: Insurance requirements for both parties - used for commercial parking arrangements or when required by building management

3. Assignment and Subletting: Rights to transfer or sublet the parking space - used for corporate or long-term arrangements

4. Access Cards/Systems: Details about access mechanisms and security systems - used when electronic or special access systems are in place

Suggested Schedules

1. Schedule 1: Parking Space Plan: Detailed plan showing exact location and dimensions of the parking space

2. Schedule 2: Building Rules: Applicable building management rules and regulations

3. Schedule 3: Fee Schedule: Detailed breakdown of all applicable fees and charges

4. Appendix A: Access Card Procedures: Instructions for use of access cards or systems

5. Appendix B: Emergency Procedures: Emergency contact information and procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions





























Clauses

























Industries

Parking Places Act: Chapter 214 - Primary legislation governing the provision, operation, and management of parking places in Singapore

Planning Act: Chapter 232 - Regulates the development and use of land and buildings, including parking facilities

Building Control Act: Chapter 29 - Ensures building works meet safety and structural requirements, including parking structures

Fire Safety Act: Chapter 109A - Stipulates fire safety requirements for buildings and structures, including car parks

Environmental Public Health Act: Chapter 95 - Addresses environmental and public health concerns in public spaces including parking areas

Land Titles Act: Chapter 157 - Governs the registration and transfer of land titles, relevant for parking space ownership

Conveyancing and Law of Property Act: Chapter 61 - Regulates property transactions and transfers, including leasing of parking spaces

Building Maintenance and Strata Management Act: Governs the management of strata-titled properties, including shared parking facilities

Contract Law: Common Law principles governing formation and enforcement of contracts in Singapore

Misrepresentation Act: Chapter 390 - Protects parties against false statements or misrepresentations in contracts

Parking Places Rules: Specific regulations governing the operation and management of parking places

Private Parking Places Rules: Regulations specifically addressing private parking facilities and their management

URA Guidelines: Urban Redevelopment Authority guidelines on parking provisions and standards

LTA Regulations: Land Transport Authority regulations affecting parking facilities and operations

HDB Regulations: Housing Development Board rules governing parking in HDB premises

Town Council By-laws: Local authority regulations affecting parking facilities within their jurisdiction

BCA Requirements: Building and Construction Authority technical requirements for parking facilities

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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