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This Parking Lease Agreement outlines the terms under which ART DISTRICT PARTNERS INVESTMENT FUNDS, LLC leases a parking lot located at 1201 S Casino Center Blvd, Las Vegas, Nevada, to the CITY OF LAS VEGAS for the operation of a paid parking lot. It covers basic terms such as rent, lease term, permitted uses, tenant improvements, operating costs, and conditions for default and remedies.
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A parking lease agreement is a legal contract between a property owner (lessor) and a tenant (lessee) that outlines the terms under which the tenant can use a designated parking space.
Typically, the property owner or lessor is required to file a parking lease agreement with the relevant local authority or jurisdiction.
To fill out a parking lease agreement, both parties should provide their names, contact information, details of the parking space, lease duration, fees, and any specific terms or conditions agreed upon.
The purpose of a parking lease agreement is to establish clear terms for the use of a parking space, protect the rights of both parties, and provide legal recourse in case of disputes.
Information that must be reported includes the names of the lessor and lessee, the address of the parking space, lease duration, rental amount, payment terms, and any additional conditions or rules.
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