PARKING AGREEMENT (Revised)

 

PARKING AGREEMENT (Revised)

1.      This deed of agreement is executed on                              day of                                    2020.

Between

Mrs.                                                                 , owner of plot No                                                                                                                                                                                                      )

And

Lahore development authority, though Chief Engineer TEPA (Hereinafter called as 2^nd Party)

2.      Whereas, the 1^st Party has submitted building plan for the construction of Commercial Building on Plot No.                                                       for 22 story buildings including 3 basements , lower ground floor and Ground Floor.

The first party has provided car parking space for 297 cars and 415 motorcycles as per requirements and bye-laws.

3.      Whereas, the 1^st party agrees to provide parking space for 297 cars and 415 motorcycles as per approved plant.

4.      The 1^st party also agrees to provide a proper ramp for easy access to the parking space-as per approved building plan and abide by the following:-

A.    1^st Party, after the completion of Building will either manager the parking area by themselves or though elected management of the building.

B.     The developer and/or management body will ensure that at not stage the approved parking plan is altered or used for any other purpose than the parking. .

C.     The developer and/or management body shall ensure the maintenance. Security and operation of the parking area at their own cost to the entire satisfaction of 2^nd party.

D.    The developer and/or management body shall post guards/ watchman to guide and regulate the sheet of the vehicles in such manner outside their building. No vehicle is parked in manner other than the approved plan.

E.     The developer and /or management will provide user-friendly condition to attract parking within the building by having audio and digital display system at the entry and reception.

F.      The developer and/ or management body will not sell any car parking area and instead allot it to the perspective buyers/occupants of the building in proportion to their entitlement so as to fix the responsibility against issues.

G.    Upon the completion of the building and in case of transfer of management to the elected authorized body. The developer will inform TEPA accordingly in: writing

H.    Total area of the plot is 39,437.00 Sft Total covered area of the commercial building is 485751 Sft whereas usable area is 335876.75 Sft and non-usable area is 153874.25 of the Commercial building.

5.      Whereas, the case of any default of any of the above said condition on the part of 1^st party, the 2^nd party shall be empowered to proceed against the 1^st party or his authorized elected management group in accordance with the law to be penalized in the shape of fines or cancellation of building plans and to take other proper action including removal of illegal construction or any other hindrance falling in parking space or any other remedy panel action available under law.

6.       The 2^nd party shall impose fine against parking agreement violation as follows:

·         Rs. 10.000/- per deficient car par month

·         Rs.1000/- per deficient motor bike per month.

·         The 1^st party shall be given 1^st warning along with fine and a period of one month for deposition of fine and clearance of violation.

·         After that, the 1^st party shall be given 3^rd warning along with four time the fine and a period of o one month for deposition of fine and clearance of violation.

·         The rates of fine are subject to change as approved by LDA for demolition / clearance of the violating structures.

7.      Whereas both the parties agree-to act upon above said agreement and have put their signature on the deed in presence of two witnesses thereof:

FIRST PARTY		SECOND PARTY
Mr. _________________________S/o ______________________________ CNIC # ________________________ Owner of Plot No. __________________ _________________________________		CHIEF ENGINEER TEPA. LDA
Witnesses 1.­­­­­­­­­­­­­­_________________________________ 2.­­­­­­­­­­­­­­_________________________________		Witnesses 1.­­­­­­­­­­­­­­_____________________________ 2.­­­­­­­­­­­­­­_____________________________