Flexible vs Fixed Reservations

At some of our managed properties we offer two different types of parking leases: flexible-term and fixed-date.

Flexible-term leases are the classic Parkade experience:

1. Search for and reserve a long-term parking spot with no end date selected.

2. Cancel the spot whenever it's no longer needed, and receive a prorated refund based on the cancellation time.

3. Your spot will renew automatically each month, indefinitely.

4. Freely switch parking spots in the app.

These types of leases are usually best when you're not sure about your parking situation — such as when you're considering selling your car, or if you only need parking for a couple months during the year.

These leases are typically more expensive than fixed-date leases, to account for the additional flexibility offered.

Fixed-date leases are similar to a standard apartment parking rental experience:

1. Choose your desired parking space from the list of available options.

2. Choose an end date for your parking reservation in advance (usually your apartment lease end date, but this can vary), in line with the minimum requirement set by your building.

3. You are locked in for the monthly price and spot you select.

   1. Cancellations and spot changes are subject to fees, and must be arranged by contacting us at hello@parkade.com, or through our chat.

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