Car park lease agreement

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.

Key features

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

Business lease law is regulated primarily by the Lease of Land Act 1969. If the term of this lease is longer than ten years it must be registered at the Deed Registry Office at:

http://www.deeds.gov.za/ITSODeedsWebB/deedsweb/welcome.jsp

Lease contents

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
• insurance
• access for landlord
• guarantor
• termination: default notice by landlord; provision for premature termination (a break clause)
• forfeiture
• Schedule 1: rights reserved
• Schedule 2: draft agreement for a security deposit agreement