A Parking Agreement serves as the foundational document for managing parking arrangements across various commercial and residential settings in the United States. This contract type is essential when establishing formal parking rights and obligations between facility owners/operators and users. The agreement addresses critical aspects such as space allocation, access rights, payment terms, security measures, and liability considerations. It's particularly relevant in urban areas where parking is at a premium and requires careful management. The document must comply with state-specific property laws, local ordinances, and federal regulations, including ADA requirements. Parking Agreements can be structured for different durations and purposes, from daily parking to long-term leases, and may include additional provisions for specialized services such as valet parking, electric vehicle charging, or reserved spaces.
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1. Parties: Identification of the parking facility owner/operator and the parker/tenant
2. Background: Context of the agreement and brief description of the parking facility
3. Definitions: Key terms used throughout the agreement including 'Parking Space', 'Common Areas', 'Permitted Vehicle', etc.
4. Parking Rights: Specific rights granted, including location, times, and type of parking permitted
5. Term and Termination: Duration of agreement and conditions for termination
6. Fees and Payment: Parking fees, payment schedule, and late payment provisions
7. Rules and Regulations: Operational rules, prohibited activities, and compliance requirements
8. Liability and Insurance: Risk allocation and insurance requirements
9. General Provisions: Standard contract clauses including notices, amendments, governing law, and dispute resolution
1. Security Deposit: Terms for security deposit collection, use, and return - used for long-term parking arrangements
2. Access Cards/Permits: Details about parking permits or access cards including issuance, replacement, and return procedures
3. Valet Services: Terms related to valet parking services including additional fees and liability provisions
4. Electric Vehicle Charging: Terms for EV charging facilities including usage fees and access procedures
5. Maintenance and Repairs: Responsibilities for maintaining parking space and surrounding areas
1. Schedule A - Parking Layout Plan: Diagram showing designated parking spaces and facility layout
2. Schedule B - Fee Schedule: Detailed breakdown of all applicable fees and charges
3. Schedule C - Rules and Regulations: Detailed facility rules and operational procedures
4. Schedule D - Insurance Requirements: Specific insurance coverage requirements and limits
5. Schedule E - Access Card Procedures: Procedures for obtaining, using, and returning access cards or permits
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