Recitals are an essential part of rental agreements. As shown in our free template, they confirm the terms of the parking space agreement, as well as the identities of the parties. These should be filled out in as much detail as possible, indicated in the spaces provided.
WHEREAS, in consideration of the above recitals, the representations, warranties, covenants, and agreement stated in this Agreement and in good faith and valuable considerations, the receipt and accuracy of which are now acknowledged by both Parties.
WHEREAS, the Lessor is a duly registered and the beneficial owner of the [Lessor.Company], owns a property that is open to be leased out located at (property address: street name, city, state, postal code, country) established since (property acquisition date).
WHEREAS, the Lessee will rent out the space, particularly the parking space, to be rented out to another individual or company. The parking space is located at the premises of (property address: street name, city, state, postal code, country)