The Simple Parking Space Rental Agreement is designed for use in Hong Kong's dynamic property market where parking spaces are frequently rented separately from residential or commercial units. This document type is particularly relevant given Hong Kong's dense urban environment and limited parking availability. The agreement template includes all necessary provisions required under Hong Kong law, including clear identification of the parking space, rental terms, payment obligations, and usage restrictions. It is commonly used by property owners, management companies, and commercial landlords who need a straightforward but legally sound agreement for renting out parking spaces. The document can be customized for various scenarios, from individual space rentals in residential buildings to commercial parking arrangements in office complexes.

1. Parties: Identifies and provides full details of the landlord and tenant, including names, addresses, and contact information

2. Background: Brief context explaining the purpose of the agreement and confirming the landlord's authority to rent the parking space

3. Definitions: Defines key terms used throughout the agreement including 'Parking Space', 'Common Areas', 'Term', and 'Rent'

4. Grant of Lease: Specifies the grant of right to use the parking space and its exact location

5. Term and Renewal: States the duration of the rental agreement and any renewal options

6. Rent and Payment Terms: Details the rental amount, payment schedule, and acceptable payment methods

7. Security Deposit: Specifies the security deposit amount, terms of holding, and conditions for refund

8. Use of Parking Space: Defines permitted use of the space and any restrictions

9. Maintenance and Repairs: Outlines responsibilities for maintaining the parking space

10. Termination: States the conditions under which either party may terminate the agreement

11. Governing Law: Confirms that the agreement is governed by Hong Kong law