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.
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.
Related Words
Compare:
コインパーキング (pay parking lot)