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Parking Space Lease Agreement
"I need a Parking Space Lease Agreement for a shopping mall in Kuala Lumpur, where I'll be leasing out 50 parking spaces to a corporate tenant for their employees starting March 1, 2025, with specific provisions for access card systems and EV charging stations."
1. Parties: Identifies and provides full details of the lessor and lessee, including names, identification numbers, and addresses
2. Background: Brief context about the parking space lease arrangement and the parties' intention to enter into this agreement
3. Definitions: Defines key terms used throughout the agreement including 'Parking Space', 'Common Areas', 'Building', 'Term', and 'Rental Fee'
4. Grant of Lease: Specifies the exact parking space being leased and confirms the lessor's right to lease it
5. Term and Renewal: States the duration of the lease and any renewal options
6. Rental Fee and Payment Terms: Details the monthly/annual rent, payment method, due dates, and late payment consequences
7. Security Deposit: Specifies the security deposit amount, terms of holding, and conditions for refund
8. Use of Parking Space: Defines permitted uses, restrictions, and rules for using the parking space
9. Maintenance and Repairs: Outlines responsibilities for maintaining the parking space
10. Insurance and Liability: Addresses insurance requirements and allocation of risks
11. Default and Termination: Lists events of default and termination procedures
12. Governing Law: Specifies that Malaysian law governs the agreement
13. Execution: Signature blocks and execution formalities
1. Access Cards and Security: Include when the parking facility uses electronic access systems or security passes
2. Subletting and Assignment: Include when the lessor wants to explicitly prohibit or allow subletting of the parking space
3. Electric Vehicle Charging: Include when the parking space includes or may include EV charging facilities
4. Common Area Rights: Include for parking spaces within larger facilities where access through common areas is needed
5. Building Rules: Include when the parking space is part of a larger building or complex with specific rules
6. Force Majeure: Include to address unforeseeable circumstances preventing performance
7. Notices: Include when formal communication procedures need to be established
1. Schedule 1 - Parking Space Plan: Detailed plan or drawing showing the exact location and dimensions of the parking space
2. Schedule 2 - Building Rules and Regulations: Specific rules and regulations governing the use of the parking facility
3. Schedule 3 - Payment Schedule: Detailed breakdown of rental payments, deposits, and other applicable fees
4. Schedule 4 - Access Card Procedures: Procedures for obtaining, using, and returning access cards or passes
5. Schedule 5 - Condition Report: Documentation of the parking space condition at the start of the lease
Authors
Grant of Lease
Term and Renewal
Rental and Payment
Security Deposit
Access Rights
Use Restrictions
Maintenance and Repairs
Insurance
Liability
Default and Remedies
Termination
Assignment and Subletting
Force Majeure
Notices
Governing Law
Dispute Resolution
Indemnification
Entire Agreement
Severability
Amendments
Compliance with Laws
Safety and Security
Property Rights
Utilities and Services
Real Estate
Property Management
Retail
Commercial Property
Residential Property
Facility Management
Parking Services
Shopping Centers
Office Buildings
Transportation
Legal
Operations
Facility Management
Property Management
Asset Management
Leasing
Administrative
Real Estate
Compliance
Contract Management
Property Manager
Facility Manager
Legal Counsel
Real Estate Manager
Building Administrator
Operations Manager
Leasing Manager
Property Administrator
Contract Administrator
Parking Operations Supervisor
Asset Manager
Property Owner
Building Manager
Real Estate Agent
Compliance Officer
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