PARKING SPACE LEASE AGREEMENT
1. THE PARTIES. This Parking Space Lease Agreement (“Agreement”) is by and between:
Landlord: Daniel Gryder with a mailing address 173 Eggers Lane, Boone, NC, 28607 (“Landlord”), and
Tenant: Name and mailing address to be supplied at the time of purchase
Landlord and Tenant are each referred to herein as a “Party” and, collectively, as the "Parties.” Now, therefore, for and in consideration of the mutual promises and agreements contained herein, the Tenant agrees to rent the Parking Space from the Landlord under the following terms and conditions:
2. TERM. The lease provided under this Agreement shall be for a fixed term as specified at the time of purchase
Hereinafter known as the “Term.”
3. PARKING SPACE. The Landlord hereby agrees to lease the following Parking Space to the Tenant in exchange for payment:
Property Address: 51 Edgecliff Ln, Boone, NC, 28607
Number of Spaces: 1
Parking spaces are on a first come first serve basis and are not assigned to a specific Tenant
Hereinafter known as the “Parking Space.”
4. PERMITTED VEHICLES. The Landlord allows the Tenant to park:
The Landlord requires that the vehicle(s) allowed to occupy the Parking Space are described as the following: Passenger vehicles that will fit into a standard 9ft by 18ft parking space. Any vehicle parked must display the Landlord supplied hangtag. Any vehicle that does not display the required hangtag will be towed at the tenant/vehicle owner’s expense. Any vehicle displaying the landlord supplied hangtag in the parking lot must be registered with the landlord. Any vehicle not registered with the landlord will be towed at the tenant/vehicles owners expense. Any vehicle that does not fit within the boundaries of a parking space will be towed at the tenant/vehicle owner’s expense.
5. SECURITY. The Parking Space, and the surrounding area:
There is security provided by the Landlord. Such security shall be in the form of monitoring the Parking Space for theft and damage prevention. The Landlord offers no guarantees, warranties, or promises on the level of security that is provided outside of industry standards.
6. USE OF PARKING SPACE. The Parking Space shall be used for parking purposes only. Tailgating, parties, and other related activities are strictly prohibited. Parking vehicles deemed hazardous due to leaking fluids or otherwise in poor condition is strictly prohibited. No storage of goods, materials, or other items shall be permitted in the Parking Space without prior written consent from the Landlord.
7. INSURANCE. Any vehicle using the Parking Space by the Tenant shall be required to have it insured at all times and provide such documentation for insurance upon request by the Landlord. Insurance must meet the minimum requirements as required under the laws of North Carolina (Governing Law).
8. INDEMNIFICATION. The Tenant agrees to indemnify, defend, and hold the Landlord harmless from any claims arising from the Tenant’s use of the Parking Space, except for those caused by the Landlord’s negligence.
9. DEFAULT. If the Tenant fails to perform or fulfill any obligation under this Agreement, the Tenant shall be in default. The Landlord has the right to hire a tow company and remove the Tenant’s vehicle from the Parking Space. Any fees related to the removal of the vehicle from the Parking Space shall be the responsibility of the Tenant.
10. TERMINATION. Upon the termination of this Agreement, the Tenant shall vacate the Parking Space and return it in the same condition as when the Term began, reasonable wear and tear excepted. If the Tenant’s vehicle is not removed from the Parking Space upon termination, the Landlord has the right to remove the Tenant’s vehicle from the Parking Space and charge the Tenant for such fees for removal.
11. GOVERNING LAW. This Agreement shall be governed by the laws of North Carolina (“Governing Law”). The Parties hereby irrevocably consent to the exclusive jurisdiction and venue of the federal and state courts located in the Governing Law for any disputes arising from or related to this Agreement.
12. SEVERABILITY. If any provision of this Agreement is deemed invalid, illegal, or unenforceable, the remaining provisions shall continue and remain in effect. Any invalid provision will be replaced with a valid one that most closely matches the intent of the original provision.
13. REFUNDS. Once a parking space has been rented, no refunds will be provided.
14. ENTIRE AGREEMENT. This Agreement constitutes the entire agreement between the Parties with respect to the subject matter herein and supersedes all prior agreements, understandings, negotiations, and discussions, whether oral or written, of the Parties. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, will be effective unless in writing signed by both Parties.