Parking Pricing Clause Samples
The Parking Pricing clause establishes the terms and conditions under which parking fees are determined and charged within an agreement. It typically outlines the rates for parking spaces, any applicable increases over time, and the method of payment or billing. For example, it may specify whether parking is included in rent, charged as a separate fee, or subject to periodic adjustments based on market rates. The core function of this clause is to provide transparency and predictability regarding parking costs, thereby preventing disputes and ensuring both parties understand their financial obligations related to parking.
Parking Pricing. Parking pricing may be established at the discretion of the Developer but shall be noncompetitive with the price for comparable transit fares. All parking spaces shall be priced at an hourly or daily rate as follows:
A. On-site employees or residents (Reserved Parking): A minimum daily rate of $8 shall be charged, with the minimum hourly rate not more than 1/8th of the daily rate.
B. Shared Parking (i.e. customers, visitors, and employees who choose not to obtain a reserved parking space): A minimum daily and hourly rate of at least 150% more than the rate charged to on-site employees and residents for reserved parking. If parking spaces are leased on a monthly basis, the monthly rate shall not less than twenty (20) times the minimum daily rate. The rate charged to local employees may vary significantly from those of park-and-ride transit users in order to discourage AM and PM peak period commute park and ride transit use. A variable parking rate for off-peak hours may also be introduced. The City shall ensure compliance with this provision as part of the annual compliance report required in Article 10 of this Agreement.
Parking Pricing. Hourly parking pricing for Project visitors shall be market-based and adjusted periodically to ensure parking availability during peak parking hours.
Parking Pricing. Hourly parking pricing shall be market-based and adjusted periodically in an effort to ensure parking availability for Hotel guests and employees, commercial tenants and their employees and visitors during peak parking hours. If and when Developer makes any unused on-site commercial parking available for daily, weekly, or monthly lease to third parties in the surrounding area in need of parking in accordance with Section 2.7.2(i), Developer shall charge market rates.
Parking Pricing. Parking pricing may be established at the discretion of the Developer but shall be noncompetitive with the price for comparable transit fares and shall comply with the parking policies and standards of the Bergamot Area Plan. All parking spaces shall be priced at an hourly or daily rate as follows: On-site Employees or Residents who are TMO members, if one exists (Reserved Parking): A minimum daily and hourly parking fee in accordance with the Bergamot Area Plan.
Parking Pricing. Parking pricing may be established at the discretion of the Developer but shall be noncompetitive with the price for comparable transit fares. All parking spaces shall be priced at an hourly or daily rate as follows:
A. On-site employees or residents (Reserved Parking): A minimum daily rate of $8 shall be charged, with the minimum hourly rate not more than 1/8th of the daily rate.
B. Shared Parking (i.e. customers, visitors, and employees who choose not to obtain a reserved parking space): A minimum daily and hourly rate of at least 150% more than the rate charged to on-site employees and residents for reserved parking. If parking spaces are leased on a monthly basis, the monthly rate shall not be less than twenty