When you enter into a commercial lease, there may be confusion over whether or not the lease includes a car parking space for the tenant’s use during the lease term. This will be a bonus for a commercial tenant, as they can allow customers to use it to encourage trade for their business. However, it is essential to understand a tenant\u2019s rights when parking vehicles on the commercial premises. This article explains the importance of reviewing parking rights in a commercial lease. <\/p>\n\n\n\n
A commercial lease agreement<\/a> is a legally binding contract between a commercial landlord and their tenant concerning the property the landlord leases to the tenant. It contains crucial details of the lease, such as the:<\/p>\n\n\n\n A commercial lease agreement may also state the tenant\u2019s ability to park at the commercial property. This can be crucial in defining the terms of a tenant’s car parking rights in the commercial lease. <\/p>\n\n\n\n Parking rights will depend on the commercial premises and the exact wording of your lease agreement. While the property may have a car park attached to it, this does not automatically grant you parking rights. Therefore, reviewing your commercial lease is critical to ensure it matches your expectations. <\/p>\n\n\n\n Below, we explore common kinds of parking rights in a commercial lease. <\/p>\n\n\n\n If a commercial premises appears to have parking spaces on the land, you need to know your rights regarding these. You need to understand if you have a right to access or use these. Where you do, check whether this is an exclusive right or a shared right. Your lease agreement will detail if any car parking spaces are part of your premises. Always consult your landlord and lease agreement to confirm which areas of the property you enjoy exclusive possession of.<\/p>\n\n\n\n Where you have exclusive possession of car parking spaces as part of your commercial lease, you will probably be responsible for repairing and maintaining<\/a> them.<\/p>\n\n\n\n Where your commercial premises, or the land it is on, contains parking, rather than having your own space as part of your demolished premises, you may have a right to park instead. This is usually a contractual right within your commercial lease agreement. <\/p>\n\n\n\n Notably, there is a difference between a general and an exclusive right. A general right means you can park your vehicle where space is available on a first-come, first-served basis. However, an exclusive right means that you or anyone you allow as part of your business has the right to park in a specific space throughout your lease term.<\/p>\n\n\n\n Where your lease grants you the right to park, your landlord will usually be responsible to repair and maintain the space. However, they can charge you through a service charge.<\/p>\n<\/div>\n\n\n\n\n\n Continue reading this article below the form\n <\/i>\n<\/a>\n\n
Do You Have Parking Rights?<\/h2>\n\n\n\n
Right to Your Own Space<\/h3>\n\n\n\n
Right to Park<\/h3>\n\n\n\n