Parking Agreement

Parking Agreement Template for Singapore

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Key Requirements PROMPT example:

"I need a Parking Agreement for a commercial building in Singapore's CBD, covering 50 parking spaces to be leased to a corporate tenant from January 2025, with specific provisions for security card access and EV charging stations."

Document background

The Parking Agreement is essential for managing parking facilities in Singapore's dense urban environment. It provides a comprehensive framework for both temporary and long-term parking arrangements, ensuring compliance with Singapore's Parking Places Act and related regulations. This document is particularly crucial given Singapore's strict parking regulations and limited space. The agreement covers essential aspects such as access rights, payment terms, security measures, and operational guidelines, while accounting for specific requirements of different property types and usage patterns.

Suggested Sections

1. Parties: Identifies the parking space owner/operator and the parker

2. Background: Context of the agreement and brief description of the parking arrangement

3. Definitions: Key terms used throughout the agreement including references to relevant Singapore legislation (Parking Places Act, Road Traffic Act)

4. Parking Rights: Specific rights granted regarding parking space use, compliant with URA and LTA regulations

5. Term and Termination: Duration of agreement and termination conditions

6. Fees and Payment: Parking fees, payment terms and methods

7. Rules and Regulations: Operating hours, conduct rules, restrictions in compliance with local regulations

8. Liability and Indemnity: Responsibilities and limitations of liability for both parties

Optional Sections

1. Security Deposits: Terms for security deposits for long-term parking arrangements exceeding 6 months

2. Insurance: Insurance requirements and liability coverage for commercial parking arrangements

3. Access Cards and Permits: Details of access methods and security measures for facilities with electronic access systems

4. PDPA Compliance: Specific section on personal data protection compliance for agreements involving collection of personal data

Suggested Schedules

1. Schedule 1: Parking Space Details: Location, lot number, dimensions and specifications of the parking space

2. Schedule 2: Fee Schedule: Detailed breakdown of parking fees, charges, and payment terms

3. Schedule 3: Operating Hours: Detailed schedule of operating hours and access times

4. Schedule 4: Building Rules: Applicable building management rules and regulations

5. Schedule 5: Emergency Procedures: Emergency contact information and procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Commercial Real Estate
Residential Property
Retail
Industrial

Relevant Teams

Facilities Management
Operations
Legal
Administration
Security

Relevant Roles

Facility Manager
Property Manager
Operations Director
Building Administrator

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Let's create your Parking Agreement

Authors

Alex Denne

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