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Updated over 1 year ago on . Most recent reply

Help! Land lease for truck parking
I was recently contacted by a small moving company who wants space to park their trucks. I'm not sure where to start and I havent been able to find much information online. The vacant land im leasing is 1/2 acre, no restrictions. I have a couple questions, should I rent it out by the truck or just lease them the whole 1/2 acre? Would there be a difference on the insurance, on my part? The owner of the moving company also said he would pitch in to pour gravel down as long a I gave him a year lease.
Thank you in advance.
Most Popular Reply

Ronald Rohde
#3 Commercial Real Estate Investing Contributor
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- Dallas, TX
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Just have a good lease agreement specifying what the tenant can and can't do, terms and responsibilities, etc. I would suggest a lease for the entire lot so there is no dispute or effort about how many trucks were parked for how many fractions of a day.
Is your lot fenced? Security may be another issue of possible liability. Insurance is also important to make sure your policy is updated.