Parking Sublease Agreement Template for Germany

The Parking Sublease Agreement is essential when a primary tenant wishes to sublease their parking space rights to another party under German law. This document is commonly used in urban areas where parking spaces are valuable assets, particularly in commercial districts, residential complexes, and mixed-use developments. The agreement ensures compliance with German legal requirements, including the relevant provisions of the Bürgerliches Gesetzbuch (BGB), while protecting the interests of all parties involved. It comprehensively covers essential elements such as precise identification of the parking space, access arrangements, payment terms, permitted usage, and duration of the sublease. This document is particularly relevant when managing parking assets in German properties and requires careful consideration of both the master lease terms and local parking regulations.

1. Parties: Identification of the sublessor and sublessee, including full legal names and addresses

2. Background: Context of the agreement, including reference to the master lease and confirmation of authority to sublease

3. Definitions: Definition of key terms used throughout the agreement

4. Subject Matter of Lease: Detailed description of the parking space(s), including location, number, and any specific identifiers

5. Term and Commencement: Duration of the sublease and start date, including any renewal provisions

6. Rent and Payment Terms: Amount of rent, payment schedule, method of payment, and late payment consequences

7. Security Deposit: Amount, terms, and conditions for return of the security deposit

8. Use Restrictions: Permitted use of the parking space and specific restrictions

9. Access and Security: Details about access methods, keys, cards, or codes provided

10. Maintenance and Repairs: Responsibilities for maintaining the parking space

11. Insurance and Liability: Insurance requirements and allocation of risks

12. Termination: Conditions and procedures for early termination

13. Governing Law: Specification of German law as governing law

14. Notices: Process for formal communications between parties

15. Entire Agreement: Integration clause confirming the complete agreement between parties