Parking Space Lease Agreement

Parking Space Lease Agreement
(Alberta)

This Parking Space Lease Agreement is made effective as of the date indicated below and is between:

________, a corporation, incorporated under the laws of Canada, having its principal place of business at the following address:

________

(the "Landlord"); and

________, a corporation, incorporated under the laws of Canada, having its principal place of business at the following address:

________

(the "Tenant");

(individually referred to as "Party" and collectively as the "Parties").

The Landlord wishes to offer to rent a parking space, and the Tenant wishes to rent such parking space from Landlord.

The Landlord and the Tenant therefore agree as follows:

Article 1 - PARKING SPACE

Landlord hereby agrees to provide, and Tenant agrees to rent, the parking space located at the following address:

________

with the following description:

________

Tenant's lease of the parking space will hereinafter be described as the "Lease."

Article 2 - DURATION OF LEASE

The Lease will begin on ________ ("Start Date") and continue on a month to month basis until the Tenant relinquishes the parking space and terminates this agreement.

Article 3 - RENT

The Tenant agrees will pay the Landlord the following amount: $________ (________) (the "Lease Price"), per month, through the duration of the Lease.

Article 4 - DEPOSIT

A security deposit of the following amount is required: $________ (________). The deposit will be due on ________.

After the Lease is entirely completed and the parking space has been relinquished back to the Landlord, Tenant will get the deposit back in total. The deposit may be refundable in case the Lease is cancelled prior to its beginning, at Landlord's sole and exclusive discretion.

Article 5 - PAYMENT

The rent will be paid in only one of the following methods of payment:

________

Payment will be due on the following day of the month, each month: 1st.

Article 6 - ATTENDANTS

The parking lot may be supervised by parking attendants. In the event that Tenant uses such attendant to park or drive Tenant's vehicle, sole risk of any resulting loss lies with Tenant and Tenant will indemnify Landlord for any loss resulting from such use.

Article 7 - DISCLAIMER OF WARRANTY

Landlord and Tenant each agree that the parking space is being leased "as is" and that Landlord disclaims any and all warranties of quality, whether express or implied, including but not limited the warranties of merchantability and fitness for a particular purpose.

Article 8 - LIMITATION OF LIABILITY

Tenant will hold Landlord harmless for any damage or injuries caused to the vehicle or any personal property left in the vehicle and Landlord will not be responsible for any damage. In no event will Landlord's liability exceed the total amount paid by Tenant to Landlord for the rent as defined hereunder for any cause of action or future claim. Landlord will not be liable for any special, indirect, consequential or punitive damages arising out of or relating to this agreement in any way.

Article 9 - 882825 58 28525555

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Article 10 - TERMINATION

This agreement may be terminated by either party upon fifteen (15) days written notice to the other party.

On the termination of this agreement any refund owed of advance payment, deposits and/or the returning of cheques in the Landlord's possession must be completed within 14 days. Any unpaid rental amounts must be paid within 7 days.

Article 11 - GENERAL PROVISIONS

A) LANGUAGE: All communications made or notices given pursuant to this agreement will be in the English language.

B) ASSIGNMENT: This agreement, or the rights granted hereunder, may not be assigned, sold, leased or otherwise transferred in whole or part by either Party.

C) AMENDMENTS: This agreement may only be amended in writing signed by both Parties.

D) NO WAIVER: None of the terms of this Agreement shall be deemed to have been waived by any act or acquiescence of either Party. Only an additional written agreement can constitute a waiver of any of the terms of this Agreement between the Parties. No waiver of any term or provision of this Agreement shall constitute a waiver of any other term or provision or of the same provision on a future date. Failure of either Party to enforce any term of this Agreement shall not constitute a waiver of such term or any other term.

E) NOTICES ELECTRONIC COMMUNICATIONS PERMITTED: Any notice to be given under this Agreement shall be in writing and shall be sent by first-class mail or air mail to the address of the relevant Party set out at the head of this Agreement.

Notices sent as above shall be deemed to have been received 3 working days after the day of posting (in the case of inland first class mail), or 7 working days after the date of posting (in the case of air mail).

In proving the giving of a notice it shall be sufficient to prove that the notice was left, or that the envelope containing the notice was properly addressed and posted, as the case may be.

F) SEVERABILITY: The parties intend as follows:

(1) that if any provision of this agreement is held to be unenforceable, then that provision will be modified to the minimum extent necessary to make it enforceable, unless that modification is not permitted by law, in which case that provision will be disregarded;

(2) that if an unenforceable provision is modified or disregarded in accordance with this section, then the rest of the agreement will remain in effect as written; and

(3) that any unenforceable provision will remain written in any other circumstances other than those in which the provision is held to be unenforceable.

G) COUNTERPARTS: This Agreement may be executed in counterparts, all of which shall constitute a single agreement. If the dates set forth at the end of this document are different, this Agreement is to be considered effective as of the date that both Parties have signed the agreement, which may be the later date.

H) GOVERNING LAW: The laws of the province of Alberta, without giving effect to its principles of conflicts of laws, and the laws of Canada in effect in the province of Alberta govern all adversarial proceedings arising out of this agreement.

I) ENTIRE AGREEMENT: This Agreement constitutes the entire understanding between the Parties with respect to the subject matter and supersedes all other agreements, whether written or oral, between the Parties.

J) FORCE MAJEURE/EXCUSE: Neither Party is liable to the other for any failure to perform due to causes beyond its reasonable control including, but not limited to, acts of God, acts of civil authorities, acts of military authorities, riots, embargoes, acts of nature and natural disasters, and other acts which may be due to unforeseen circumstances.

Name: ________

Representative Name: ________________________

Representative Title: _________________________

Date: _____________________________________Name: ________

Representative Name: ________________________

Representative Title: _________________________

Date: _____________________________________