Parking Lot Lease Clause Samples
A Parking Lot Lease clause establishes the terms under which a party (the lessee) is granted the right to use a designated parking lot owned or controlled by another party (the lessor). This clause typically outlines the duration of the lease, payment obligations, permitted uses, maintenance responsibilities, and any restrictions on the use of the parking area. For example, it may specify the number of parking spaces allocated, hours of access, and requirements for insurance or liability coverage. The core function of this clause is to clearly define the rights and responsibilities of both parties regarding the use of the parking lot, thereby preventing disputes and ensuring smooth operation of the leased space.
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Parking Lot Lease. 1.3.1 Party A agrees, to meet the needs of Party B, when Party B rents * a total of 4 stories of Vision Center, Party A will provide Party B 8 rent-free VIP parking places in the underground parking lot (Party B shall bear the property management fee) for the term equivalent to the lease term or long term (some 45 years). When Party B rents * above-5 stories, Party A will provide Party B 10 rent- free VIP parking places in the underground parking lot (Party B shall bear the property management fee) for the term equivalent to the lease term or long term (some 45 years). However, if the stories occupied by Party B is less than the above mentioned standard, Party A is entitled to reduce the numbers of the rent-free VIP parking lots (one rent-free VIP parking lot for half of the story).
1.3.2 Party A agrees that, in the lease term *, if requested by Party B, Party A will provide Party B at least 140 parking places in the underground parking lot and the parking lots in Vision Center, including at least 95 parking places in the underground parking lot (exclusive of the above rent- free VIP parking places). However, if the stories occupied by Party B is less than the above mentioned standard, Party A is entitled to reduce the numbers of the parking lots based on the ratio every parking lot equals to 110 square meter.
1.3.3 The unit rent of parking places under clause 1.3.2 is RMB * yuan each month, subject to the market-based adjustment every 5 years. (recommend to drop the rent of the parking places other than those in the underground parking lot).
1.3.4 Party A agrees Party B may pay Party B the lump RMB * yuan for each parking place under clause 1.3.2 for the 45-year use of such parking place.
1.3.5 The property management fee for each parking place rented or used by Party B is RMB * yuan per month.
1.3.6 The payment term of the parking place rent and property management fee is the same with that under clause 1.
Parking Lot Lease. Greeley hereby grants Stampede an intermittent exclusive leasehold interest (“Parking Lot Lease”) in the Parking Lot shown on Exhibit C, attached hereto and incorporated herein by reference for that term as stated in Paragraph 2(c) below.
Parking Lot Lease. The term of the Parking Lot Lease (“Parking Lot Lease Term”) shall be for the following periods during the Event Term:
i. All Saturdays during the Event Term from 12:01 a.m. to 12:00 midnight;
ii. All Sundays during the Event Term from 12:01 a.m. to 12:00 midnight;
iii. All Mondays, Tuesdays, Wednesdays, Thursdays and Fridays during the Event Term from 12:01 a.m. to 8:00 a.m. and from 5:30 p.m. to 12:00 midnight.
Parking Lot Lease. As long as Purchaser shall occupy the premises located at ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇, Cincinnati, Ohio 45215-2350,
(a) Lachenman shall exercise all of Lachenman's rights with respect to use and occupancy under the Parking Lot Lease as instructed by, and for the benefit of, Purchaser, and (b) Lachenman shall not terminate, amend or otherwise modify the Parking Lot Lease or surrender the premises leased by Lachenman pursuant to the Parking Lot Lease, without Purchaser's prior written consent.
Parking Lot Lease. The parties intend that the Parking Lot Lease be signed simultaneous with this Lease. Accordingly, the effectiveness of this Lease is conditioned upon the execution and delivery of the Parking Lot Lease by both Tenant and Landlord.
Parking Lot Lease. That Parking Lot Lease dated on or about the date hereof between Landlord and Tenant covering approximately 1.17 acres of land located adjacent to the Project to be used by Tenant for additional vehicle parking in connection with Tenant’s use and occupancy of the Premises.