Airport Hangar Lease Agreement

Airport Hangar Lease Agreement

Are you in the market for an airport hangar lease agreement? If so, there are a few key things you should be aware of before signing on the dotted line.

First and foremost, it`s important to understand the different types of leases that may be available to you. A full-service lease may include everything from maintenance and repairs to fueling and even aircraft handling services. A net lease, on the other hand, typically only covers the physical space and requires the tenant to cover all other expenses. Make sure you understand which type of lease best fits your needs and budget before committing to anything.

Next, take a close look at the terms and conditions outlined in the lease agreement. Some key things to consider include the length of the lease, payment terms, and any penalties or fees for early termination. You will also want to make sure the lease agreement includes clear guidelines for maintenance and repairs, as well as any insurance requirements.

Another important factor to consider is security. Whether you plan to store a small personal aircraft or a larger commercial jet, you need to know that the hangar space is secure and protected at all times. Make sure the lease agreement includes provisions for security measures like cameras, fencing, and access controls.

Finally, it`s always a good idea to seek legal counsel before signing any lease agreement. A qualified attorney can review the terms and conditions and help ensure that you are getting a fair deal. They can also help you negotiate the lease terms to better suit your needs.

In conclusion, securing an airport hangar lease agreement can be a complex process, but by taking the time to do your research and enlist the help of a qualified attorney, you can ensure that you are getting the best possible deal for your needs.