Car Parking Agreement

Car parking agreements are simple documents which can be easily drafted. While many agreement formats are available online, they may not suit your situation and may miss few key clauses. It is always recommended that you use a document prepared by professionals and legal experts.

To create one, both owner of the parking space and the owner of the vehicle must be 18+ and must be of sane mind. The following people usually require a car parking agreement –

• A landowner who would like to create and let out parking space.
• A professional parking solutions provider, for signing contracts with car owners.
• An apartment owner looking out to rent the car parking space allotted to him/her.

Such arrangements call for a written contract securing the interests of all the parties involved. It lays down rights and obligations and creates a framework for future reference.

An all inclusive contract should cover the below aspects.

• Period of License
• License fee and security deposit
• Rights & responsibilities of the owner
• Rights & responsibilities of the parker
• Termination details

This simple agreement format has been drafted keeping recent dynamics and trends in mind. It covers the finest aspects arising out of contractual relationship between an owner and parker.

Requirements To Make It Legally Valid

To make a car parking agreement legally valid, execute the following steps-

• Create the deed with the names of the vehicle owner and parking space owner clearly mentioned.
• Ensure that the registration number of the vehicle intended to be parked and the address of the parking space is included as well.
• Clearly indicate details of rent and deposit.
• Print the prepared deed on stamp paper of recommended value.
• The parties involved must then place their signatures on designated places along with the signatures of two witnesses.