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Parking Sublease Agreement Template for Canada

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Key Requirements PROMPT example:

Parking Sublease Agreement

"I need a Parking Sublease Agreement for subletting three covered parking spaces in my commercial office building to a neighboring business, with 24/7 access rights and electric vehicle charging capabilities, starting March 1, 2025."

Document background
The Parking Sublease Agreement is essential when an existing tenant wishes to sublease their parking rights to another party in Canada. This document is particularly relevant in urban areas where parking spaces are valuable assets and may be subleased independently of other property rights. The agreement ensures compliance with Canadian federal and provincial laws, municipal bylaws, and the terms of the master lease. It details specific provisions for parking space usage, maintenance obligations, insurance requirements, and liability allocation. The document is commonly used in commercial settings, office complexes, and residential buildings where parking rights are separately allocated. The Parking Sublease Agreement must carefully balance the rights and obligations of the sublandlord, subtenant, and property owner while addressing practical considerations such as access control, security, and facility maintenance.
Suggested Sections

1. Parties: Identification of the Sublandlord and Subtenant, including full legal names and addresses

2. Background: Context of the sublease, including reference to the master lease and confirmation of authority to sublease

3. Definitions: Key terms used throughout the agreement, including 'Parking Space', 'Common Areas', 'Term', etc.

4. Grant of Sublease: Specific details of the parking space(s) being subleased, including location and identification numbers

5. Term and Renewal: Duration of the sublease, commencement date, expiration date, and any renewal options

6. Rent and Payment Terms: Amount of rent, payment schedule, payment methods, and late payment penalties

7. Use and Access: Permitted use of the parking space, access hours, and any restrictions

8. Maintenance and Repairs: Responsibilities for maintaining the parking space and surrounding areas

9. Insurance and Liability: Required insurance coverage and allocation of liability between parties

10. Default and Remedies: Events constituting default and available remedies for both parties

11. Assignment and Subletting: Restrictions on further assignment or subletting of the parking space

12. Termination: Conditions and process for early termination of the sublease

13. Notices: Method and addresses for formal communications between parties

14. Governing Law: Specification of applicable Canadian jurisdiction and laws

Optional Sections

1. Security Deposit: Terms for security deposit if required, including amount, use, and return conditions

2. Utilities: Allocation of utility costs if applicable (e.g., electricity for covered parking)

3. Environmental Matters: Environmental obligations and restrictions, particularly relevant for commercial parking facilities

4. Operating Expenses: Details of additional costs beyond base rent, such as maintenance fees or property taxes

5. Signage: Rules regarding any permitted signage or space identification

6. Electric Vehicle Charging: Terms for electric vehicle charging facilities if available

7. Storage Rights: Additional rights for storage in or around the parking space

8. Snow Removal: Responsibilities for snow removal in regions where applicable

9. Security Services: Provisions for security services if provided

Suggested Schedules

1. Schedule A - Parking Space Plan: Detailed plan or drawing showing the exact location and dimensions of the parking space(s)

2. Schedule B - Master Lease Excerpt: Relevant portions of the master lease affecting the sublease arrangement

3. Schedule C - Rules and Regulations: Specific rules governing the use of the parking facility

4. Schedule D - Fee Schedule: Detailed breakdown of all fees, including any additional charges or escalations

5. Schedule E - Access Protocol: Details of access methods, key cards, passes, or codes for entry

6. Appendix 1 - Insurance Requirements: Detailed insurance requirements and minimum coverage amounts

7. Appendix 2 - Maintenance Schedule: Schedule of regular maintenance activities and responsibilities

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




































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Relevant Industries

Commercial Real Estate

Residential Real Estate

Retail

Office Space Management

Parking Management

Property Development

Shopping Centers

Healthcare Facilities

Educational Institutions

Transportation Services

Hospitality

Relevant Teams

Legal

Operations

Facilities Management

Property Management

Real Estate

Asset Management

Risk Management

Compliance

Administrative Services

Contract Management

Relevant Roles

Property Manager

Facility Manager

Real Estate Manager

Operations Director

Building Superintendent

Legal Counsel

Parking Operations Manager

Asset Manager

Commercial Lease Administrator

Risk Manager

Business Operations Manager

Contract Administrator

Real Estate Developer

Property Administrator

Compliance Officer

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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