A car park lease is an agreement between a landowner and a lessee that gives the lessee the right to use the land for parking. The lease will specify the terms of use, including the length of the lease, the number of parking spaces, the type of vehicles that can be parked, and any other restrictions.
This is a short-term lease for one or more commercial parking spaces, with an annual rent that can only go up, based on the Retail Prices Index. The rent includes business rates, insurance, and a service charge. It is assumed that the lease will not be covered by the Landlord and Tenant Act 1954, and that it is a headlease.
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