Flexible vs. Fixed-Term Parking Leases
Learn about the differences between the two types of long-term leases we offer at our managed properties!
At some of our managed properties we offer two different types of parking leases: flexible term, and fixed-term.
Flexible-Term Parking
Flexible-term leases are the classic Parkade experience:
Search for and reserve an open-ended parking spot whenever you want
Cancel the spot whenever it's no longer needed, and receive a prorated refund based on the the cancelation time
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 types of reservations are typically more expensive to account for the additional flexibility offered by the lease.
Fixed-Term Parking
Fixed-term leases are more in line with your standard apartment parking rental experience:
Choose your desired parking space from the list of available options
Choose an end date for your parking reservation in advance (usually your apartment lease end date, but this can vary)
You may switch to a more expensive spot or a spot with the same price, but under most circumstances you cannot cancel your reservation or switch to a lower-priced spot
These types of leases are typically less expensive than flexible-term leases, and must be arranged by contacting us at hello@parkade.com.
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