Tenant Parking, Save Your Spot!

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.

• Closing an Office Lease Transaction
  Review this practice note for important terms and provisions to include in parking agreements.

• Parking Clause (Restaurant Lease, Office Building)
  Use this parking clause for a restaurant space in a mixed-use project with designated parking spaces for a tenant’s carry-out customers.

• 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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