A garage lease form is a formal agreement used by the landlord to set forth the terms of leasing a garage to a tenant. A garage or a parking space is often leased out separately from leasing a house, that is, an additional charge is required to be paid to use this space. So for using the garage, the tenant pays a rent to the landlord and also a refundable deposit, just like leasing a house.
You can Download the Garage Lease Template, customize it according to your needs, and Print it. Garage Lease Template is either in MS Word or Editable PDF.
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Features:
Identification of Parties:
Clearly identifies the landlord and tenant with contact information.
Description of Property:
Details the specific garage space being leased, including size, location (building, floor), and any included features (shelves, lighting).
Term and Rent:
Specifies the lease duration (start and end date) and the monthly rent amount, including due date and late fees (if applicable).
Permitted Use:
Outlines the allowed uses of the garage (vehicle storage, limited storage of specific items).
Prohibited Activities:
Lists activities not allowed within the garage (hazardous materials storage, mechanical work, commercial use).
Access and Security:
Defines access procedures (key fob, code), shared access details (if applicable), and security responsibilities (landlord vs tenant).
Maintenance and Repairs:
Clarifies who is responsible for maintaining the garage space and any necessary repairs (normal wear and tear vs. tenant damage).
Utilities:
Specifies if utilities (electricity) are included in the rent or if the tenant is responsible for separate billing.
Termination Clause:
Outlines the conditions under which either party can terminate the lease early (notice period, breach of contract).
Signatures:
Includes designated signature lines for both landlord and tenant, with date of signing.
Benefits:
For Landlords:
Clear Expectations:
Provides a documented agreement that outlines expectations for both parties, minimizing potential disputes.
Secured Rent:
Guarantees regular rental income for the duration of the lease.
Reduced Maintenance:
Shifts responsibility for minor repairs and upkeep to the tenant.
