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Fill out the templateA parking space rental agreement can be used to rent out a parking space within private commercial property. This agreement is designed for use in England, Wales and Northern Ireland.
Where the parking space is based in Scotland, a different agreement should be used.
No. It is possible to grant permission to use a parking space verbally or informally. It is however helpful to have a written agreement so that each party has a clear understanding of their rights and responsibilities.
The formal legal term for this type of parking space agreement is a 'licence to occupy'. A licence is a contractual agreement that permits a person or legal entity to do something. A licence to occupy therefore allows a business to occupy a space or part of a property but does not grant a legal interest or sole possession of the property.
A licence to occupy is less formal than a tenancy agreement. A tenant will enjoy exclusive occupation of the relevant property and will have particular rights and responsibilities, including obligations to maintain the property.
Before a landlord enters into a parking space agreement, they should:
The landlord and tenant may be natural persons. In this case, the parties should be over 18 and have capacity. Capacity refers to a person's ability to make and understand decisions.
The landlord and tenant may also be corporate entities (such as a company or a LLP).
The parking space agreement can remain in place indefinitely, but the agreement may be terminated at any time by providing a specified amount of written notice.
Each party should retain a copy containing the signature of each party.
The agreement is not reviewed by a lawyer to ensure that the legal content applies to the personal situation of the parties. In order to review the particulars of the agreement, it will be necessary to instruct a lawyer. It will be necessary to consult with a lawyer who is regulated by an approved regulator in the legal services sector. It is possible to search for a lawyer using the Law Society 'find a solicitor page' in England and Wales or Northern Ireland.
If one party breaches the terms of an agreement the other party may wish to:
The parties might wish to receive advice about the terms of the agreement. The lodger agreement is not reviewed by a lawyer to ensure that the legal content applies to the personal situation of the parties. In order to review the particulars of the agreement, it will be necessary to instruct a lawyer. For this type of agreement, it will be necessary to consult with a lawyer who is regulated by an approved regulator in the legal services sector. It is possible to search for a lawyer using the Law Society 'find a solicitor page' in England and Wales or Northern Ireland.
The parking space agreement should:
The key legal provisions regarding the distraction between commercial tenancies and licences are:
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A guide to help you: Signing Documents in England and Wales
Parking Space Rental Agreement - Sample, template
Country: United Kingdom