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Tenant Parking, Save Your Spot!

November 29, 2022

Tenant parking needs are frequently overlooked in commercial lease negotiations. However, inadequate parking can severely impact a tenant’s business operations, especially in high density areas where parking is scarce. Whether parking is for the tenant, its employees, or customers, it is critical to lay out parking rights before lease execution. Use these parking provisions in office lease agreements. 

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Related Content

  • Office Lease Agreements
    Read the section “Parking Provisions” in this practice note discussing types of tenant parking arrangements, including nonexclusive and exclusive use parking, and third-party managed parking spaces.
  • Parking Area Maintenance Clause (Tenant Cost)
    Check out this parking space maintenance clause for a commercial lease providing the tenant a shared parking area and allocating the area’s maintenance as a set amount of additional rent.

 

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