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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."
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
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
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
Building
Business Day
Commencement Date
Common Areas
Designated Parking Space
Expiry Date
Force Majeure
Initial Term
Lease
Lessor
Lessee
License Fee
Operating Hours
Parking Access Card
Parking Area
Parking Charges
Parking Facilities
Parking Rules
Parking Space
Permitted Use
Premises
Property
Renewal Term
Security Deposit
Term
Termination Date
Vehicle
Working Hours
Term and Renewal
Rent and Payment
Security Deposit
Use and Access
Operating Hours
Vehicle Restrictions
Maintenance and Repairs
Rules and Regulations
Insurance
Liability and Indemnity
Default and Remedies
Force Majeure
Assignment and Subletting
Termination
Notice
Alterations
Governing Law
Dispute Resolution
Entire Agreement
Severability
Compliance with Laws
Access Cards and Security
Health and Safety
Environmental Compliance
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