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Car Park Novation Agreement


This is a template for Car Park Novation Agreement and is drafted in favour of the Landlord.

The purpose of the agreement is the change who rent the designated parking space and state the terms and conditions about rental and deposits regarding the transfer. Using this novation agreement, the original contract between the transferor and the landlord will be replaced by the new contractual obligation owed by the transferee to the landlord.

According to the terms and conditions of this contract, the transferee should pay rental and deposits reimbursements to the transferor and pay future rent to the landlord. When the transfer has completed, the transferee will officially become the new person renting the parking space.

How to use this document?

The transferee, transferor, and the landlord should read this document carefully. They should ensure that the dates (e.g. when should the transferee pay reimbursements) are correct and the amount to be paid are accurate.

Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed.

If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.

The original car park space agreement should be attached as Appendix to the agreement.

How to tailor this document for your need?

1. Create Document: Click on “Create document” button and fill in the details of the parties. You can click the “Fill with Member’s Information” button to complete the party’s information with your personal or business information saved to your account.

2. Please fill in any additional information by following the step-by-step guide on the left hand side of the preview document and click the “Next” button.

3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.

4. Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a copy of the executed document.

car park novation agreement
car park
car park novation
parking space
transfer parking space
rental deposit
security deposit
future rent
license plate
rental agreement
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