PARKING ADDENDUM Clause Samples
A Parking Addendum is a contractual provision that outlines the terms and conditions related to parking privileges for tenants or occupants. It typically specifies the location, number, and type of parking spaces assigned, any associated fees, and rules regarding the use of parking areas, such as restrictions on vehicle types or guest parking. By clearly defining parking arrangements, this clause helps prevent disputes and ensures both parties understand their rights and obligations regarding parking on the property.
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PARKING ADDENDUM. Tenant shall have the right to use in the garage located within the Building a total of two (2) parking spaces, which shall be for unreserved spaces. If Tenant relinquishes any of such parking rights during the Term, Tenant shall no longer have a right to the parking relinquished and may obtain future parking solely upon a space-available basis. Rates charged by Landlord or its operator for such parking shall be the prevailing market rate for reserved or unreserved parking spaces, as the case may be, in such location as established by Landlord or its operator from time to time. The current rates are $675 per space per month for reserved spaces and $430 per space per month for unreserved spaces. Tenant’s right to use of the parking shall be subject to (i) timely payment of the parking rate as established from time to time, (ii) such further rules and regulations as Landlord or its operator may establish from time to time, and (iii) all applicable laws, ordinances, rules and regulations. Any additional month to month parking spaces that Tenant may from time to time request shall be at the prevailing market rate and subject to availability in accordance with Landlord’s customary practices in managing the garage at the Building.
PARKING ADDENDUM. This Parking Addendum (“Parking Addendum”) supplements and modifies that certain Standard Office Lease, effective as of February , 2018 (“Lease”) between LA JOLLA SHORES PLAZA, LLC (“Landlord”) and EQUILLIUM, INC., (“Tenant”). All capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Lease.
PARKING ADDENDUM. Tenant shall have the right to park in the garage located within the Building a total of one (1) automobile for each three thousand (3,000) square feet of Net Rentable Area of Leased Premises, rounded to the nearest integer. If Tenant relinquishes any such parking rights during the Term, Tenant shall not be required to pay any fee or penalty for any relinquished space, shall no longer have a right to the relinquished space, and thereafter may recover use of such relinquished unreserved spaces solely upon a space-available basis. Rates charged by Landlord or its operator for such parking shall be the prevailing market rate for parking in such location as established by Landlord or its operator from time to time. Any additional spaces that Tenant may from time to time request shall be subject to then prevailing availability on a non-reserved, “month-to-month” basis (terminable by either party on at least thirty (30) days’ prior notice effective as of the end of a calendar month) at the same non-reserved rate. Tenant’s right to use of the parking shall be subject to (i) timely payment of the parking rate as established from time to time, (ii) such further rules and regulations as Landlord or its operator may establish from time to time, and (iii) all applicable laws, ordinances, rules and regulations.
PARKING ADDENDUM. This Garage / Parking Addendum (this “Addendum”) is entered into by the Resident and Owner for the use by the Resident of the Space. The terms of this Addendum are effective as of the date Resident agrees to execute it or the Commencement Date of the Lease Contract agreed to by Resident. Resident hereby agrees as follows: