Choosing the right type of business relationship with a car park operator is even more important than choosing the operator that should operate your car park.
Proč? Because the terms and expectations of the business arrangement (in the form of a management contract or lease agreement) are clearly establish in advance between the property owner and the parking lot vendor. For example, assuming facility operating costs such as cleaning, labor, parking facilities, signage or marketing all depend on what type of contract is enter into.
A number of factors such as daily
transient ratio, condition of the parking facility, tenant parking privileges and customer service play a key role in determining the “right” hong kong whatsapp number data business relationship with a parking vendor. However, revenue projections versus stable returns remain the two most important deciding factors for property owners when deciding between a management agreement or a lease for parking operations.
Below, my take on “The Good, the Bad and the Really Ugly” for everyone:
Lease agreements
Good: no hands
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Bas on the lease agreement, the parking lot operator is fully responsible for all day-to-day management, operation and expenses associat with the parking lot. There is no ne for a property owner to devote nearly as many resources to overseeing parking operations than to an agreement with management. Instead, the property owner can expect a constant monthly rent check from the parking lot operator.
In addition property owners can
benefit from what is known as a “revenue share” from parking revenue. “Revenue Share” represents a percentage of the monthly 1win increases betting limits for popular sporting events revenue that a property owner can expect to receive when the parking lot operator exces a pretermin cmo email list limit of revenue generat per month.
Tip: Always negotiate the revenue share with the parking lot operator in the rental agreement. This will ensure that the property owner benefits from the success of the car park operator in increasing the facility’s annual revenue.