A tow away agreement is a document that stipulates the terms and conditions for the removal of a vehicle from a designated area. The agreement typically outlines the fees and penalties associated with towing, storage, and release of the vehicle.

Tow away agreements are essential for property owners who want to protect their parking lots from unauthorized vehicles. Property owners can enter into tow away agreements with tow truck companies to ensure that only authorized vehicles are parked on their property.

The agreement usually stipulates that the property owner must post visible signage indicating that the area is a tow-away zone, and that unauthorized vehicles will be towed at the owner`s expense. Towing companies must also adhere to specific guidelines and regulations regarding vehicle removal and storage.

One of the critical components of a tow away agreement is the fee structure. The agreement should outline the fees that the towing company may charge for towing, impounding, and storing the vehicle. These fees may vary depending on the type and size of the vehicle being towed.

It`s also essential to note that regulations surrounding towing differ from state to state. Therefore, it`s essential to consult with a qualified attorney to ensure that the tow away agreement complies with all applicable laws and regulations.

In addition to protecting property owners from unauthorized vehicles, tow away agreements also provide protection to towing companies. The agreement ensures that the tow truck company is not liable for any damage that may occur during the towing process or storage of the vehicle.

In conclusion, tow away agreements are essential for managing parking spaces on private property. The agreement outlines the terms and conditions for removing unauthorized vehicles, including fees and penalties. Property owners must ensure that the agreement complies with all applicable laws and regulations to avoid legal issues. Towing companies should also ensure that they adhere to all guidelines and regulations to avoid liability issues.