Hey guys

If I rent out my car park in a condominium, do i need to prepare any form of agreement? Or just go by verbal?

yes, must have agreement otherwise no proof for both parties

just issue receipt lor. also make sure its a duplicate card you gave the person.

Thanks for the info, I will source for a sample form agreement now.. Any quicklinks to recommend for me to download?

you sure this is a proper advise? XD

it's just a carpark, not the parcel itself. how can the tenant commit crime on the allocated car park -.-

anyway, there's no need for too formal an arrangement, an agreement is not required for circumstances like this but if you are worried then just draft out a simple letter stating the basic such as, how many cards was passed to the tenant, what is the rental rate, remedies for event of default and matters after the tenure has ended.

there's no need for advance rental, security deposit would suffice.

i suggest that you check with your management on the costs for a replacement card in the event if the tenant defaulted in payment and refused to return to you the card, your security deposit is enough to reimburse you.

it is not so much on committing a crime on an allocated carpark, but the vehicle that park on that space. who knows the vehicle is used to commit break in etc.

of course the tenancy is much simpler than the property TA.

even if the said vehicle is used to commit any act of crime, the police will go straight to the registered owner of the said vehicle la, not the owner of the space where the said vehicle is parked on -.-

no need so paranoid wan

I've drafted out a simple agreement, only to add was that any damages caused to their car, I am not responsible for it lo

A simple agreement would do and better la; protect owner interest as well