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a parking space rental agreement is between a landlord that controls an area of space designated for a vehicle and allows a person to rent it in return for payment generally there are limited state laws on this type of arrangement the contract can either be set for a fixed term or on a month-to-month basis the tenant shall only be able to store their vehicle a recreational vehicle such as a motorcycle etc on the premises unless otherwise agreed on by the owner or manager a parking space rental could be used in the following situations a person needing a parking space near their residential unit in a crowded city with limited parking someone who needs a parking spot in proximity to their work this could be in a private parking lot belonging to another business a couple with two cars that needs an additional parking space as they are living in a unit with one-bedroom apartment that only allows one vehicle how to use a parking space lease agreement also known as a parking lease is an agre