PURPLE AND GOLD PARKING, LLC LEASE AGREEMENT

PARTIES.  This parking lease agreement (hereinafter “Agreement”) is made by and between Purple and Gold Parking, LLC, a North Carolina limited liability company (hereinafter “Lessor”) and

PURPOSE. Lessor is the record owner of 509 E Fourteenth Street, Greenville, NC 27858 (hereinafter the “Parking Lot”). Lessee desires to lease from Lessor a parking spot within the Parking Lot. Lessee will not be assigned any particular parking spot in the Parking Lot. The Parking Lot shall be monitored by a towing company and unauthorized vehicles will be towed at the owner’s expense in accordance to Paragraph 6 below.

A. Vehicles and Privilege. Parking areas are only for use of cars and light trucks (hereinafter “Vehicle”). Any other type of vehicle or object, including but not limited to motorcycles, boats, trailers, recreational Vehicles (RVs), motorhomes, or any container used for moving or storage of personal property, shall not be allowed in the Parking Lot and shall be subject to towing in accordance with Paragraph 6 below, unless Lessor has granted Lessee prior written consent.

 

B. Applicable Term. This Agreement begins on the later of (i) August 1, 2025 at 8:00 a.m., or (ii) the date this Lease is signed by both Lessor and Lessee, and expires at 5:00 p.m. on July 31, 2026.

 

C. Fee. Lessee shall pay a fee of $950.00 per Applicable Term (hereinafter “Parking Fee”), excluding any decal and processing fee, in consideration for the privilege of parking Lessee’s vehicle in the Parking Lot.

 

A. Generally.  Lessee understands and agrees that Lessee may not park any vehicle in the Parking Lot without displaying a parking decal, which Lessee shall affix immediately on whatever portion of the vehicle that Lessor requests (and after the parking decal is affixed pursuant to Lessor’s instructions, the vehicle shall be considered a “Licensed Vehicle”).  Lessee agrees that Lessee shall be limited to parking one vehicle in the Parking Lot. 

 B. Decals.  Lessee shall receive one decal upon the payment of the Parking Fee.   Lessee shall provide Lessor with the make, model, year and license plate for each Licensed Vehicle. In the event of a lost or stolen parking decal, Lessee shall pay $40 for a replacement decal. Lessee may park Licensed Vehicles in any available parking space in the Parking Lot, except for any parking space reserved for a particular use or any marked handicap space, unless Lessee possesses a government-issued handicap decal, placard, or similar signage.

Lessee may not park commercial vehicles, vehicles with expired tags, or junked or inoperable vehicles. In addition, Lessee shall not use any portion of the Parking Lot to perform mechanical work on any vehicle or washing any vehicle. Lessee agrees not to use the Parking Lot where such use is, in Lessor’s sole discretion: (a) injurious to Lessor’s reputation, safety, or welfare or to the property or to the safety of any other person; (b) for business purposes; or (c) creates additional vehicular traffic to or from the Parking Lot.

 

TOWING. Inoperable, abandoned, or unauthorized vehicle(s), as well as vehicles in a state of disrepair, will be towed at the owner’s expense in accordance with local and/or state ordinances regarding vehicle towing. Lessor reserves the right to determine what constitutes an inoperable or unauthorized vehicle or a vehicle in a state of disrepair. Lessee’s failure to properly display the parking decal assigned to Lessee, or Lessee’s failure to honor the terms of this
Agreement may result in the towing of Lessee’s vehicle.  

Lessee agrees that Lessor will not be financially responsible for reimbursing Lessee for the cost of towed Vehicles nor for any damages related to the physical towing nor for any consequential damages Lessee may incur through loss of use of the Vehicle.

 

 

Lessee hereby acknowledges and agrees that Lessee’s use of the Parking Lot shall be solely at Lessee’s risk. Lessee acknowledges that Lessor does not furnish security for the Parking Lot, nor does Lessor make any claims or representations concerning the security of the Parking Lot. Lessor shall not be responsible for the theft or disappearance of Lessee’s vehicle or other property, or for any damage thereto, under any circumstances.

The vehicle that Lessor permits Lessee to park in the Parking Lot shall be Lessee’s sole responsibility. Lessee understands and acknowledges that the Parking Lot is not a secure location and that the Parking Lot is only being offered as a place to park Lessee’s vehicle. As such, Lessee understands and agrees that Lessee shall indemnify Lessor and hold Lessor harmless from any and all claims, liabilities, costs, rents, fines, fees, attorney’s fees, and any other monetary damage that may result from Lessee’s use of the Parking Lot.

 

BREACH OF AGREEMENT. Any action or omission by Lessee or any guest that violates any term or condition of this Agreement shall constitute default of this Agreement.

 

GOVERNING LAW.  This Agreement shall be construed and interpreted in accordance with the laws of the State of North Carolina, and the parties consent to the jurisdiction and venue of the state court sitting in Pitt County, North Carolina. 

 

SEVERABILITY. Should any court of law consider any provision of this Agreement to be unenforceable, then that provision shall be considered severed from this Agreement and the remainder of this Agreement shall continue in full force and effect. If required, the parties agree that a court of law should construe the remaining non-severed provisions in a context consistent with the Agreement as a whole.

EXECUTION BY PARTIES. Lessor and Lessee duly execute this Agreement, whether electronically or by signing below on the respective dates written below or otherwise noted in electronic format. By executing this Agreement, LESSEE ACKNOWLEDGES HAVING READ AND AGREED TO ALL THE PROVISIONS OF THIS AGREEMENT. Lessee further acknowledges having received a copy of this Agreement. This Agreement constitutes the ENTIRE agreement between the parties and NO statement, oral or written or otherwise, not contained or described herein shall be binding on either party. No subsequent amendment to this Agreement or the Lease or any statement, oral or otherwise, by either party to this Agreement shall be binding unless it is in writing and signed by all parties.

LESSEE CONTACT INFORMATION. The Lessee's contact information is as

APPLICABLE TERM. This Agreement is for,