Car Parking Management Agreement

Document Summary

This template is used by a company to establish a contractual relationship with another company who provides car parking management services. This agreement specifies all terms and conditions related to the management and operation of car parking facilities.

Description

This agreement specifies the obligations of the Service provider, including carrying out management services in a proper manner, employing staff for the management of the car parks, issuing insurance documents and furthermore. It also details the obligations of the owner such as paying the required charges and granting the service provider the exclusive right to manage the car parks.

Documents that should be attached with this agreement include:

• A financial submission that should include the profit share, initial parking fees, and the estimated capital expenditure budget.
• An initial operational plan related to the management and operation of the car parks.
• A description (drawings) of the car parks.
• A staff cost breakdown.

This agreement contains the following sections:

1. Interpretation
2. Management Agreement
3. Manager’s Covenants
4. General Covenants of the Owner
5. Profit Share
6. Statement of Net Profits
7. Hours of Operation
8. Indemnity
9. Setup, Maintenance and Repair of Car Parks and Fixtures and Fittings
10. Extension of Management Period
11. Assignment
12. No Estate or Interest
13. Termination
14. Reimbursements
15. Notices
16. No Other Relationship
17. No Waiver
18. Stamp Duty and Legal Fees
19. Headings
20. Force Majeure
21. Special Projects
22. Variations
23. Staff
24. Entire Agreement
25. Governing Law and Jurisdiction
26. Counterparts

Schedule 1 – Details

Schedule 2 –  Estimated Operations Budget

Jurisdiction

This document is intended for use in the United Arab Emirates.

Before Execution

• The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
• Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
• Please remove the square brackets and all highlighting prior to signature.

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