The Car Park Management Agreement is essential for property owners and parking operators in India who wish to establish a formal arrangement for the operation of parking facilities. This document is commonly used in commercial properties, shopping centers, hospitals, and other venues requiring professional parking management. It addresses key aspects such as operational procedures, revenue models, maintenance responsibilities, and liability allocation while ensuring compliance with Indian contract law, local municipal regulations, and relevant safety standards. The agreement is particularly important given India's growing urban infrastructure and the increasing need for organized parking solutions in commercial and residential developments. It provides a clear framework for managing parking facilities efficiently while protecting the interests of all parties involved.
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1. Parties: Identification of the property owner and the parking operator with their full legal details
2. Background: Context of the agreement, description of the property, and purpose of the arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Appointment and Term: Formal appointment of operator and duration of the agreement, including renewal terms
5. Operator's Rights and Obligations: Detailed responsibilities of the parking operator including operational requirements
6. Owner's Rights and Obligations: Responsibilities and obligations of the property owner
7. Operating Hours and Access: Specified hours of operation and access arrangements
8. Fee Structure and Revenue Sharing: Parking fee structure, revenue sharing arrangement, and payment terms
9. Maintenance and Repairs: Responsibilities for maintenance, repairs, and upgrades of the facility
10. Safety and Security: Required safety measures, security arrangements, and emergency procedures
11. Insurance and Liability: Insurance requirements and allocation of liability between parties
12. Default and Termination: Events of default, termination rights, and consequences of termination
13. Governing Law and Dispute Resolution: Applicable law and procedures for resolving disputes
14. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment
1. Digital Payment Systems: Specific provisions for implementing and managing digital payment solutions
2. Valet Parking Services: Additional terms for valet parking if offered at the facility
3. Electric Vehicle Charging: Provisions for EV charging facilities and related services
4. Commercial Advertising: Terms for advertising rights and revenue sharing from advertising within the facility
5. Special Events Management: Procedures for handling special events and temporary parking arrangements
6. Sustainability Measures: Green initiatives and environmental compliance measures
7. Third-Party Services: Terms for additional services like car washing or maintenance services
8. Staff Accommodation: Provisions for staff facilities and accommodation if required
1. Property Details: Detailed description of the parking facility, including floor plans and capacity
2. Operating Procedures Manual: Detailed procedures for day-to-day operation of the facility
3. Fee Schedule: Comprehensive list of parking fees and charges
4. Revenue Sharing Calculations: Detailed methodology for calculating revenue shares
5. Maintenance Schedule: Regular maintenance requirements and schedules
6. Equipment Inventory: List of all equipment provided by owner or operator
7. Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
8. Performance Standards: Key performance indicators and service level requirements
9. Emergency Procedures: Detailed emergency response procedures and contact information
Relevant legal definitions
Agreement
Applicable Laws
Authorized Vehicle
Business Day
Car Park
Car Park Equipment
Commencement Date
Common Areas
Confidential Information
Contract Year
Default Event
Effective Date
Emergency
Force Majeure Event
Gross Revenue
Initial Term
Insurance Requirements
Management Fee
Operating Expenses
Operating Hours
Operating Procedures
Operating Standards
Operator
Owner
Parking Charges
Parking Facility
Parking Operations
Parking Space
Performance Standards
Permitted Use
Premises
Property
Renewal Term
Revenue Share
Security Deposit
Service Levels
Signage
Term
Termination Date
Third Party Services
User
Valet Parking
Vehicle
Working Hours
Applicable Laws
Authorized Vehicle
Business Day
Car Park
Car Park Equipment
Commencement Date
Common Areas
Confidential Information
Contract Year
Default Event
Effective Date
Emergency
Force Majeure Event
Gross Revenue
Initial Term
Insurance Requirements
Management Fee
Operating Expenses
Operating Hours
Operating Procedures
Operating Standards
Operator
Owner
Parking Charges
Parking Facility
Parking Operations
Parking Space
Performance Standards
Permitted Use
Premises
Property
Renewal Term
Revenue Share
Security Deposit
Service Levels
Signage
Term
Termination Date
Third Party Services
User
Valet Parking
Vehicle
Working Hours
Clauses
Appointment
Term and Renewal
Scope of Services
Operating Hours
Revenue and Fees
Payment Terms
Revenue Sharing
Maintenance and Repairs
Insurance
Liability and Indemnity
Health and Safety
Security
Compliance
Licenses and Permits
Staff and Employment
Confidentiality
Data Protection
Performance Standards
Service Levels
Reporting Requirements
Audit Rights
Force Majeure
Termination
Default
Assignment
Subcontracting
Dispute Resolution
Governing Law
Notices
Amendments
Entire Agreement
Severability
Counterparts
Waiver
Third Party Rights
Representations and Warranties
Environmental Compliance
Emergency Procedures
Equipment and Technology
Signage and Advertising
Term and Renewal
Scope of Services
Operating Hours
Revenue and Fees
Payment Terms
Revenue Sharing
Maintenance and Repairs
Insurance
Liability and Indemnity
Health and Safety
Security
Compliance
Licenses and Permits
Staff and Employment
Confidentiality
Data Protection
Performance Standards
Service Levels
Reporting Requirements
Audit Rights
Force Majeure
Termination
Default
Assignment
Subcontracting
Dispute Resolution
Governing Law
Notices
Amendments
Entire Agreement
Severability
Counterparts
Waiver
Third Party Rights
Representations and Warranties
Environmental Compliance
Emergency Procedures
Equipment and Technology
Signage and Advertising
Relevant Industries
Real Estate
Property Management
Retail
Hospitality
Commercial Real Estate
Shopping Centers
Healthcare Facilities
Transportation
Facilities Management
Automotive
Relevant Teams
Legal
Operations
Facilities Management
Property Management
Commercial
Risk Management
Business Development
Asset Management
Procurement
Finance
Relevant Roles
Property Manager
Facilities Manager
Operations Director
Commercial Director
Legal Counsel
Contract Manager
Building Manager
Parking Operations Manager
Real Estate Manager
Asset Manager
Risk Manager
Business Development Manager
General Manager
Chief Operating Officer
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