Parking Licence Agreement

Summary

This precedent provides a Licence Agreement that a land or building owner may use to allow for a tenant or any other party to park on the owner’s property for a specific period of time. The licence does not confer “lease” privileges on the tenant or third party but only grants “permission” or a “license to use” the parking spaces for a fixed time in exchange for a fee. This precedent contains practical guidance and drafting notes. The intent of the Parking Licence is to grant usage without the benefits and privileges of a lease. Rather than enter into a formal lease with a tenant or third party that wants to make use of the parking facilities, the property owner agrees to grant access and usage in exchange for money and certain rules being followed. Since the agreement is not a lease, it is not possible to register the agreement on title to the property since it lacks an actual “interest” in the land. The licence is a more simplified way to grant usage of certain land (such as for ...