If you’ve ever looked at your unused condo or apartment parking spot and thought, “Can I rent my parking spot as a tenant in Toronto?”, you’re not alone. Parking spaces in Toronto are in high demand, especially in busy areas where monthly parking can cost hundreds of dollars. The short answer is yes, you can rent your parking spot as a tenant — but only if your lease and building rules allow it.
Here’s what you need to know before listing that empty spot.
Check your lease agreement first
The first step is to review your lease agreement carefully. Many leases include clauses that prohibit subletting or renting out parking spaces. Even if it’s not explicitly mentioned, your landlord may still need to approve any changes to how the space is used.
If the lease clearly states you cannot sublet or rent out the spot, doing so without permission can be considered a lease violation, which could lead to warnings or even eviction.
(Source: JustAnswer Canada)
Get landlord or condo board approval
If your lease doesn’t prohibit it, the next step is to get written permission from your landlord or condo board. In many Toronto condo buildings, parking spots are part of a shared access system, often tied to building key fobs or garage remotes.
This means management wants to know who has access to the building or garage for security reasons. Unauthorized subleasing of a parking spot could lead to restricted access or revoked fob privileges.
You can usually get approval by emailing your property manager or landlord and explaining:
- Who you plan to rent to
- How long the rental will last
- Whether they are a resident or external renter
Some buildings only allow residents to use parking spots, so always check the specific rules before proceeding.
(See also: Reddit TorontoRenting discussion)
Formalize the agreement
Once you’ve received approval, protect yourself with a written rental agreement.
Your parking spot contract should include:
- The renter’s name and contact info
- The rental term (start and end date)
- Payment terms (monthly rent, due dates)
- Rules about access cards or key fobs
- A statement requiring the renter to follow all building rules
You can find examples of simple parking agreements online or create one in writing — even a signed letter is better than a verbal agreement.
Understand your responsibilities
As the original tenant, you’re still responsible for ensuring your renter follows all building rules. If the renter breaks any rules (like parking in the wrong spot or using the garage for storage), you could be held accountable.
Your landlord may also require that only residents of the same building can rent the spot. If you’re renting to an outsider, make sure that’s allowed.
To avoid access problems later, make sure the renter’s key fob or remote is properly programmed and approved by the building. (If you do need a quick backup fob or remote, you can find reliable cloning services at MiniFob and FobToronto.)
Final thoughts: Can I Rent My Parking Spot as a Tenant in Toronto?
So, can you rent your parking spot as a tenant in Toronto?
Yes — if your lease doesn’t prohibit it and you get written approval from your landlord or condo board.
Make sure to formalize the arrangement in writing and ensure the renter respects all building policies. By handling it properly, you can safely earn extra income while keeping your tenancy secure.
For more information on building access and fob management, check out our related articles!
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