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This document can be used to rent a parking space within private property. It creates a contract between the owner of the property and the organisation or person(s) who wish to rent out the parking space, which gives the right to use the parking space in accordance with the agreement.
The document can be used where the owner is either a company or an individual, and where either an individual, a company or a group of individuals is renting out the parking space for their own use. Moreover, the document can be modified to account for a large number of different scenarios including where parking spaces are allocated and/or specified, where multiple vehicles may use the space, and where the parking space may only be used during certain times.
It also takes into account a number of typical issues which may arise in parking space rental agreements such as the owner's responsibilities for damage and the user's responsibilities for matters such as nuisance or storage of petrol.
How this document should be used
This document should be carefully read by all parties. Then, each party should sign and return a copy, and once signed, every party should be given a copy. Please note that if the document is being signed on behalf of a company, it should be signed twice; either by two directors, or by a director and company secretary, unless the company is a one-person company.
On the date set out in the agreement as the commencement date, the person(s) renting the parking space may then start to use it in accordance with the agreement, and any schedule set out within it.
If any party wishes to amend the agreement in the future, all parties should agree to do so, and that agreement, and the amendments should be recorded in writing and signed by all parties.
The agreement will last until ended by the parties giving notice. In order to end the agreement, either party can serve notice to the others in accordance with the agreement, and the agreement will then end after the notice period set out within the agreement.
Any applicable law
The agreement is governed by the principles of general contract law.
In addition the Contract (Rights of Third Parties) Act 1999 is referred to within the contract, to prevent any persons not party to the contract from relying upon it.
In some circumstances the parties may wish to consider the Unfair Contract Terms Act 1977, Unfair Terms in Consumer Contracts Regulations 1999, and the Consumer Protection From Unfair Trading Regulations 2008 when setting their own terms, particularly if the contract is entered into as the owner's primary business activity.
How to modify the template
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At the end, you receive it in Word and PDF formats. You can modify it and reuse it.