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a parking space rental agreement is between a landlord that controls an area of space designated for a vehicle and allows a person to rent it in return for payment generally there are limited state laws on this type of arrangement the contract can either be set for a fixed term or on a month-to-month basis the tenant shall only be able to store their vehicle a recreational vehicle such as a motorcycle etc on the premises unless otherwise agreed on by the owner or manager a parking space rental could be used in the following situations a person needing a parking space near their residential unit in a crowded city with limited parking someone who needs a parking spot in proximity to their work this could be in a private parking lot belonging to another business a couple with two cars that needs an additional parking space as they are living in a unit with one-bedroom apartment that only allows one vehicle how to use a parking space lease agreement also known as a parking lease is an agreement for the sole purpose of renting a parking spot it's very similar to renting a property but much simpler the individual renting the space from the owner known as the lessee must agree to the terms of the lease either fixed or monthly and the rent amount which shall be due on a specific day of each month much like a housing lease the lessee may not sublease the parking space without the owner's consent the lessee is also responsible for the upkeep of the parking space and their vehicle including valid insurance and registration no personal storage may be allowed in the premise of the parking space the only object that shall contain the parking space is a vehicle or motorcycle in good repair Music