PARKING SPACE RENT AGREEMENT
This Agreement is made at Zirakpur on 3 April 2026.
BETWEEN
Tejinder Pal Singh, of Flat No. 604, Tower C, Motia Royal Citi, Zirakpur 140603, phone 98140 33221 (the "Owner");
AND
Ashok Verma, of Flat No. 512, Tower B, Motia Royal Citi, Zirakpur 140603, phone 97790 44556 (the "Renter").
The Owner and the Renter are each a "Party" and together the "Parties".
RECITALS
A. The Owner is the owner of the unit or plot to which the parking space is allotted or attached, entitled to deal with it without any further consent, in respect of the parking space described in the Schedule to this Agreement.
B. The Owner has agreed to let the Renter use that parking space for the Renter's vehicle, described below, on the terms of this Agreement.
NOW THIS AGREEMENT WITNESSES as follows.
- 1. NATURE OF THE ARRANGEMENT
1.1 This Agreement is a leave and licence, granting the Renter permission to use the parking space without any transfer of exclusive possession of, or interest in, the space.
- 2. THE VEHICLE
2.1 The parking space may be used only for the Renter's a car bearing registration number CH01 AZ 4455. If the Renter wishes to park a different vehicle, the Parties shall record that change in writing before it happens.
- 3. TERM
3.1 This arrangement begins on 1 April 2026 and is a fixed term ending on the end date stated below.
3.2 End date: 2 April 2026.
- 4. RENT AND DEPOSIT
4.1 The Renter shall pay the Owner a monthly rent of ₹2,500 (Rupees Two Thousand Five Hundred only), payable on or before day 5 of each calendar month.
4.2 The Renter has paid the Owner a refundable security deposit of ₹5,000 (Rupees Five Thousand only), to be refunded within fifteen days of the arrangement ending, less any amount properly deducted for unpaid rent or damage caused by the Renter's use.
4.3 Maintenance charges levied by a society or association on the parking space, if any, are included in the rent stated above.
- 5. USE AND RESTRICTIONS
5.1 The Renter shall use the parking space only to park the vehicle named in clause 2, shall not use it for repair, washing on a commercial scale, or storage of any goods, and shall not sub-let, share or permit any other person's vehicle to use it.
5.2 Access to the parking space is restricted to 6:00 am to 11:00 pm.
5.3 The Renter shall comply with any reasonable rule of the building, society or association applicable to the parking area, notified to the Renter in writing.
- 6. LIABILITY
6.1 The vehicle is parked at the Renter's own risk. The Owner is not liable for theft of, or damage to, the vehicle or anything in it, except to the extent caused by the Owner's own negligence or wilful act. The Renter is responsible for maintaining any insurance on the vehicle the Renter considers necessary.
6.2 The Renter shall be liable for damage the Renter's vehicle or its use causes to the parking space or to the building's common areas, fair wear and tear excepted.