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parking space and, if needed, must be towed to a location that allows such activities. VII. Use of Space & Damage. The use of the space may only be for the parking of a vehicle that is owned/leased by the owner. No storage of personal property may be allowed in the space. Lessor is not liable for any damage. A parking space rental agreement is simpler than other rental lease agreements. The main steps to conclude the agreement are the following: Step 1. Identify the parties At the beginning of the document, the "Lessor," who owns the parking space, and the "Lessee," who would like to rent the property, must be identified. Step 2.