1.
monthly rental parking space; reserved monthly parking lot
A parking space or lot rented on a monthly basis with a fixed fee, as opposed to coin-operated or hourly parking. Extremely common in Japanese cities.
月極駐車場を借りている。
I rent a monthly parking space.
この辺りの月極駐車場は月二万円くらいだ。
Monthly parking lots around here cost about 20,000 yen per month.
引っ越したので、近くで月極駐車場を探さなければならない。
Since I moved, I need to find a monthly parking space nearby.
Compound of 月極 (monthly basis/fixed monthly) + 駐車場 (parking lot). The word 月極 is a common sight on signs throughout Japan but is often misread as 'げっきょく' by learners; the correct reading is つきぎめ. Contrasts with コインパーキング (coin-operated parking) and 時間貸し駐車場 (hourly parking). Monthly parking is essential in Japanese cities where most apartments do not include parking.