Parking Space Lease Agreement

Disclaimer

This form is provided as a sample for informational purposes only in demonstrating relationships with

respect to insurance contracts and contracts of indemnity, and not for the purpose of providing legal

advice. You should contact your attorney to obtain advice with respect to any particular contractual or

legal matter as may apply in your state. Use of this form does not create an attorney-client relationship.

Parking Space Lease Agreement

This Parking Space Lease Agreement, hereinafter referred to as the "Agreement," is entered into

and made effective as of the date set forth at the end of this document by and between the

following parties:

[ ], a Corporation, incorporated under the laws of the state of { STATE }, having its principal

place of business at the following address:

________

and [ ], a Corporation, incorporated under the laws of the state of { STATE }, having its principal

place of business at the following address:

________

Hereinafter, "Lessor" will refer to and be used to describe the following party: [ ]. "Lessee" will

refer to and be used to describe the following party: [ ]. Lessor and Lessee may be referred to

individually as "Party" and collectively as the "Parties."

RECITALS:

WHEREAS, Lessor wishes to offer for rent a parking space,

WHEREAS, Lessee wishes to rent such parking space from Lessor;

NOW, therefore, in consideration of the promises and covenants contained herein, as well as

other good and valuable consideration (the receipt and sufficiency of which is hereby

acknowledged), the Parties do hereby agree as follows:

Article 1 - LEASE OF SPACE:

Lessor hereby agrees to provide, and Lessee agrees to rent, the parking space located at the

following address:

Disclaimer

This form is provided as a sample for informational purposes only in demonstrating relationships with

respect to insurance contracts and contracts of indemnity, and not for the purpose of providing legal

advice. You should contact your attorney to obtain advice with respect to any particular contractual or

legal matter as may apply in your state. Use of this form does not create an attorney-client relationship.

________

with the following description:

[INSERT NUMBER OF SPACES]

Lessee's lease of the parking space will hereinafter be described as the "Lease."

Article 2 - DURATION OF LEASE:

The Lease will begin on ________ ("Start Date") and end on ________ ("End Date").

Article 3 - PRICE:

For the Lease, Lessee agrees to pay and Lessor agrees to accept the following amount:

$________ (________ dollars) (the "Lease Price"), as a flat fee for the entire Lease. This

Lease Price is exclusive of any applicable taxes.

The Lessor and the Lessee each acknowledge the sufficiency of the Lease Price as consideration.

Article 4 - DEPOSIT:

A security deposit of the following amount is required: $________ (________ U.S. dollars)

("Deposit"). The Deposit will be due on ________.

After the Lease is entirely completed and the parking space has been relinquished back to the

Lessor, Lessee will get the Deposit back in total. The Deposit may be refundable in case the

Lease is cancelled prior to its beginning, at Lessor's sole and exclusive discretion.

Article 5 - PAYMENT:

The Lease Price will be paid in only one of the following methods of payment:

________

Payment of the full Lease Price will be due prior to the Start Date of the Lease.

Disclaimer

This form is provided as a sample for informational purposes only in demonstrating relationships with

respect to insurance contracts and contracts of indemnity, and not for the purpose of providing legal

advice. You should contact your attorney to obtain advice with respect to any particular contractual or

legal matter as may apply in your state. Use of this form does not create an attorney-client relationship.

Article 6 - DISCLAIMER OF WARRANTY:

Lessor and Lessee each agree that the parking space is being leased "as is" and that Lessor

hereby expressly disclaims any and all warranties of quality, whether express or implied,

including but not limited the warranties of merchantability and fitness for a particular purpose.

Article 7 - LIMITATION OF LIABILITY:

Lessee agrees to hold Lessor harmless for any damage or injuries caused to the vehicle or any

personal property left in the vehicle and hereby specifically agrees that Lessor shall not be

responsible for any damage. In no event will Lessor's liability exceed the total amount paid by

Lessee to Lessor for the Lease for any cause of action or future claim. Lessee hereby

acknowledges and agrees that Lessor is not liable for any special, indirect, consequential or

punitive damages arising out of or relating to this Agreement in any way.

Article 8 - ATTENDANTS:

The parking lot may be supervised by parking attendants. In the event that Lessee uses such

attendant to park or drive Lessee's vehicle, sole risk of any resulting loss lies with Lessee and

Lessee shall indemnify Lessor for any loss resulting from such use.

Article 9 - DAMAGE TO PREMISES:

Should Lessee cause any damages beyond normal wear and tear to the building or facility where

the parking space is located, Lessee will be held responsible for replacement or loss of any

stolen, damaged, or misplaced property, including remote garage door openers or other parking

facility related equipment used by Lessor.

Article 10 - TERMINATION:

This Agreement may be terminated by either party upon 15 days written notice to the other

party.

Article 11 - GENERAL PROVISIONS:

Disclaimer

This form is provided as a sample for informational purposes only in demonstrating relationships with

respect to insurance contracts and contracts of indemnity, and not for the purpose of providing legal

advice. You should contact your attorney to obtain advice with respect to any particular contractual or

legal matter as may apply in your state. Use of this form does not create an attorney-client relationship.

A) GOVERNING LAW: This Agreement shall be governed in all respects by the laws of the

state of Pennsylvania and any applicable federal law. Both Parties consent to jurisdiction

under the state and federal courts within the state of { STATE }. The Parties agree that this

choice of law, venue, and jurisdiction provision is not permissive, but rather mandatory in

nature.

B) LANGUAGE: All communications made or notices given pursuant to this Agreement shall

be in the English language.

C) ASSIGNMENT: This Agreement, or the rights granted hereunder, may not be assigned,

sold, leased or otherwise transferred in whole or part by either Party.

D) AMENDMENTS: This Agreement may only be amended in writing signed by both Parties.

E) NO WAIVER: None of the terms of this Agreement shall be deemed to have been waived

by any act or acquiescence of either Party. Only an additional written agreement can

constitute waiver of any of the terms of this Agreement between the Parties. No waiver of

any term or provision of this Agreement shall constitute a waiver of any other term or

provision or of the same provision on a future date. Failure of either Party to enforce any

term of this Agreement shall not constitute waiver of such term or any other term.

F) SEVERABILITY: If any provision or term of this Agreement is held to be unenforceable,

then this Agreement will be deemed amended to the extent necessary to render the

otherwise unenforceable provision, and the rest of the Agreement, valid and enforceable. If

a court declines to amend this Agreement as provided herein, the invalidity or

unenforceability of any provision of this Agreement shall not affect the validity or

enforceability of the remaining terms and provisions, which shall be enforced as if the

offending term or provision had not been included in this Agreement.

G) ENTIRE AGREEMENT: This Agreement constitutes the entire agreement between the

Parties and supersedes any prior or contemporaneous understandings, whether written or

oral.

H) HEADINGS: Headings to this Agreement are for convenience only and shall not be

construed to limit or otherwise affect the terms of this Agreement.

I) COUNTERPARTS: This Agreement may be executed in counterparts, all of which shall

constitute a single agreement. If the dates set forth at the end of this document are

Disclaimer

This form is provided as a sample for informational purposes only in demonstrating relationships with

respect to insurance contracts and contracts of indemnity, and not for the purpose of providing legal

advice. You should contact your attorney to obtain advice with respect to any particular contractual or

legal matter as may apply in your state. Use of this form does not create an attorney-client relationship.

different, this Agreement is to be considered effective as of the date that both Parties have

signed the agreement, which may be the later date.

J) FORCE MAJEURE/EXCUSE: Neither Party is liable to the other for any failure to perform

due to causes beyond its reasonable control including, but not limited to, acts of God, acts

of civil authorities, acts of military authorities, riots, embargoes, acts of nature and natural

disasters, and other acts which may be due to unforeseen circumstances.

K) NOTICES ELECTRONIC COMMUNICATIONS PERMITTED: Any notice to be given under this

Agreement shall be in writing and shall be sent by first class mail or airmail to the address

of the relevant Party set out at the head of this Agreement.

Notices sent as above shall be deemed to have been received 3 working days after the day

of posting (in the case of inland first class mail), or 7 working days after the date of posting

(in the case of airmail).

In proving the giving of a notice it shall be sufficient to prove that the notice was left, or

that the envelope containing the notice was properly addressed and posted, as the case

may be.

EXECUTION:

Name: [ ]

Representative Name:________________________

Representative Title:_________________________

Date:_____________________________________

Name: [ ]

Representative Name:________________________

Representative Title:_________________________

Disclaimer

This form is provided as a sample for informational purposes only in demonstrating relationships with

respect to insurance contracts and contracts of indemnity, and not for the purpose of providing legal

advice. You should contact your attorney to obtain advice with respect to any particular contractual or

legal matter as may apply in your state. Use of this form does not create an attorney-client relationship.

Date:_____________________________________