- Length:24 pages (7000 words)
- Available in:Microsoft Word DOCXApple PagesRTF
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About this lease
This car or lorry park lease is suitable for letting any land used for parking vehicles, from a temporary building site to a formally laid out, permanent park.
This document should be used to let a plot of land that the tenant will use to park and store vehicles, most likely cars or lorries. The agreement allows for existing buildings or items of plant (e.g. an office or car wash) to be included within the lease.
This is a professionally drawn, very comprehensive lease with massive legal protection for the landlord including a long menu of “do’s” and “don’ts”.
This lease is not a compromise between the interests of the parties. It prefers the landlord’s interest. We think that is the best start point. If you wish to make concessions to your tenant, that is fine, but we want you have those choices.
It includes service charge provisions to provide 100% recovery of service costs.
Similar lease agreements
We offer a less specific lease for land that is used for other purposes. You can find it at: Business lease: land, vacant or with plant or buildings.
Plain English is used throughout except where it is necessary to use legal terms common in this field of law.
The key features of this agreement can be summarised as:
- standard guarantor
- options for transfer or assignment to another party
- sub-letting forbidden
- option to include a break clause for premature termination by the tenant
- a choice of options for rent reviews
The law in this car park lease
Commercial leases differ significantly from residential leases. Residential leases are highly regulated. In Commercial leases differ significantly from residential leases.
Residential leases are highly regulated. In contrast, commercial leases are governed chiefly by common law and are very loosely regulated. The rights and obligations of the landlord and tenant are mainly a matter of agreement between the parties. There are no statutory requirements to register your lease, but either party may register a lease of three years or more.
This template is comprehensive, providing alternative choices for important decisions.
The contents include 25 provisions and 2 schedules covering:
- rent: amount, other payments, interest on overdue rent, periodic review
- condition and repair
- tenant's positive obligations
- restrictions on tenant: prohibited activities on the property
- signs and advertisements
- goods and vehicles
- assignment of the lease
- indemnities by the tenant
- security deposit
- access for landlord
- termination: default notice by landlord; provision for premature termination (a break clause)
Schedule 1: rights reserved
Schedule 2: draft agreement for a security deposit agreement