Document background
The Car Park Management Agreement is essential for property owners and parking operators in India who wish to establish a formal arrangement for the operation of parking facilities. This document is commonly used in commercial properties, shopping centers, hospitals, and other venues requiring professional parking management. It addresses key aspects such as operational procedures, revenue models, maintenance responsibilities, and liability allocation while ensuring compliance with Indian contract law, local municipal regulations, and relevant safety standards. The agreement is particularly important given India's growing urban infrastructure and the increasing need for organized parking solutions in commercial and residential developments. It provides a clear framework for managing parking facilities efficiently while protecting the interests of all parties involved.
