Educational overview only. Prudent Guardian (www.inspirecodingedu.com) is not an insurance company, broker, law firm, or registered investment adviser, and does not provide personalized insurance, investment, tax, medical, or legal advice. Verify details with licensed professionals and official issuers.
The exhibit is a page of stall numbers. Yours may be two of them. You’re leaning forward, pen hovering over the edge of the full commercial lease packet on the table in front of you, a half-empty iced coffee sweating on a paper coaster beside the papers. You jotted the stall numbers you wanted down on a scrap of notebook paper during your property tour last week, when the broker pointed out the two spots closest to the side elevator that serves your entire floor. You’re ready to confirm the numbers match before you initial each page of the addenda.
What this page lists
This document is formally attached as Addendum C to your commercial lease, tied explicitly to the 12th floor suite you are securing for your team of 7. It lists every assigned and guest parking stall in the building’s 3-level underground garage, marked by stall number, zone, and intended use. You will see small superscript notes next to certain stalls indicating accessibility accommodations, level 2 electric vehicle charging ports, or temporary restricted access for quarterly maintenance cycles. Your assigned stalls are noted in bold, black text, with your suite number printed directly beside each one to eliminate confusion with other tenants on your floor or adjacent floors that share the same garage zone. The page also specifies the standard parking allocation formula for the property, which is tied directly to your leased square footage, to ensure you receive the number of stalls you are eligible for based on your space size. Illustrative example: If you lease 3,200 rentable square feet, the standard allocation for this property is 1 stall per 800 square feet, which gives you 4 total assigned stalls if you opt for the full allowance, or 2 if you choose to reduce your parking allocation to cut your monthly operating costs. The page also outlines access rules for the garage, including hours of entry for assigned stall holders, guest pass requirements for visitors after 7pm, and the process for requesting temporary extra stalls for company events or team all-hands meetings. You will not find any hidden fees listed on this page, as all parking-related costs are outlined in your base lease’s operating expense section, but you can cross-reference the allocation here against that section to confirm you are not being charged for stalls you did not request.
The cross-check you run right now
This is the only side-by-side comparison you need to run before you initial this page, and it only takes 8 minutes to complete if you have your tour notes handy. Follow these steps to ensure every detail aligns with your agreed-upon terms:
- First, match the stall numbers marked as assigned to your suite against the list you wrote during your tour, confirming they are the two spots located 15 steps from the elevator bank that serves your floor, rather than the stalls at the far end of the garage near the loading dock that are reserved for vendor drop-offs. If the numbers do not match, flag the discrepancy to your broker immediately to have the exhibit updated before you sign, as updating it after your lease is executed requires a formal amendment that can take up to two weeks to process.
- Next, verify that any notes listed next to your assigned stalls match the amenities you requested during negotiations: if you asked for one EV charging port for your team’s company hybrid vehicle, confirm that note is printed beside the correct stall number, with no additional language indicating you will be charged an extra monthly fee for access to the charger. If the note is missing, ask your broker to add it to the exhibit before you sign, to avoid unexpected billing later.
- Third, cross-reference the total number of guest stalls listed for your zone against the number the broker quoted you during your tour, ensuring there are at least 8 guest spots available for client visits and vendor drop-offs during standard 9am to 5pm business hours. If the number listed is lower than what you were promised, you can request a dedicated guest stall assigned exclusively to your suite to make up the difference, at no extra cost if the discrepancy is due to an error in the initial exhibit draft.
- Fourth, check for any language at the bottom of the page that reserves the landlord’s right to reassign your stalls with written notice, and confirm that the notice period is at least 30 days, and that any reassignment guarantees you stalls in the same zone and with the same amenities as the ones listed here. You can also request a line added that requires the landlord to offer you the first right of refusal for any adjacent stalls that become available if your team expands and you need extra parking later.
This cross-check eliminates the vast majority of parking-related disputes that pop up in the first year of a commercial lease, so taking a few minutes to complete it now saves you significant frustration later. You do not need to compare this page to any other lease exhibits aside from your operating expense addendum, to confirm the number of stalls you are being charged for matches the number listed here. If you have any questions about specific notes or markings on the page, you can ask your broker to connect you with the building property manager for clarification before you sign.
When you pull this document out next
When you stand up from this table, you tuck this parking exhibit into the front pocket of your leather lease folder, right beside the suite layout exhibit, so it is easy to find when you need it later. The next time you open this specific page is 3 days before your scheduled move-in date, when you walk the garage with the building property manager to tag your stalls with your company’s custom vinyl decal. You hold the page up next to the stall numbers painted on the concrete floor to confirm they match, and point out any construction materials or unused office furniture blocking your stalls that the building maintenance team needs to move before your moving truck arrives. You also reference this page if any other tenant approaches you in the first month of your lease, claiming that one of your assigned stalls belongs to their team, to show the formal, signed exhibit that confirms your allocation. 18 months from now, when you expand your suite to add 4 more team members, you pull this page out again to reference the parking allocation formula, to calculate how many additional assigned stalls you are eligible to request as part of your lease amendment. If you need to share a copy of this exhibit with your office manager to add to your move-in checklist, you can upload a scanned copy to your Lease Jacket dashboard for easy access from any device, so you do not have to carry the physical copy with you every time you visit the property. You also pull this page out when you are planning your annual company all-hands meeting, to reference the process for requesting 10 extra temporary guest stalls for out-of-town team members flying in for the event. If you ever need to adjust your parking allocation to add more EV charging ports as your team switches to electric vehicles, you reference this page to confirm the process for requesting amenity changes to your assigned stalls, without having to dig through your full lease packet to find the relevant information. This single page eliminates almost all back-and-forth with your property management team around parking, so keeping it accessible saves you hours of administrative time over the length of your lease. You may also pull it out when you are renegotiating your lease at the end of its term, to reference the current parking allocation and request additional stalls if your team has grown significantly since you first signed the original agreement. Even if you never have a parking dispute, having this page easily accessible lets you answer questions from new team members about where they should park on their first day, without having to reach out to property management for clarification.