The Parking Easement Agreement is a crucial legal instrument used when property owners need to establish formal parking rights on another's property. This agreement is commonly utilized in urban and suburban settings across the United States where parking space is limited or shared arrangements are necessary. The document addresses essential elements such as access rights, maintenance obligations, cost sharing, and compliance with local, state, and federal regulations. It provides a clear framework for managing parking rights while protecting the interests of both the grantor and grantee.
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1. Parties: Identification of grantor and grantee of the easement
2. Background: Description of the properties involved and purpose of the easement
3. Definitions: Key terms used throughout the agreement
4. Grant of Easement: Specific rights being granted and scope of the easement
5. Term and Duration: Duration of the easement rights
6. Maintenance and Repairs: Responsibilities for maintaining the parking area
7. Insurance and Liability: Insurance requirements and allocation of risk
1. Usage Restrictions: Specific limitations on use of parking spaces - include when specific restrictions on parking usage are needed
2. Cost Sharing: Agreement on sharing maintenance costs - include when costs will be shared between parties
3. Security Measures: Requirements for security features - include when specific security measures are needed
1. Property Plan: Detailed plan showing the easement area and parking spaces
2. Maintenance Schedule: Detailed maintenance requirements and schedules
3. Cost Allocation: Breakdown of shared costs and payment schedules
4. Property Legal Descriptions: Legal descriptions of both the dominant and servient tenements
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