An airport sponsor, at its discretion, may provide access to airport property at less than fair market rent to aviation museums and other non-profit, aviation-related organizations (including aviation-focused community-based organizations). ... Federal Aviation Administration 800 Independence Avenue, SW … See more FAA Response.To ensure appropriate use of hangars, an airport sponsor should: 1. manage the use of hangars through an airport leasing … See more FAA Response. Airport sponsors that have accepted FAA grants or deeds of Federal surplus property are obligated to use dedicated aviation facilities for aeronautical use. If hangars are not reserved for … See more FAA Response.The primary purpose of an aircraft hangar is aircraft storage. If a hangar is serving its primary purpose - the storage of aircraft - … See more WebApr 28, 2024 · You may own the hangar and lease the airport property beneath the hangar, you may lease both the hangar and the land beneath it, or you may simply lease space within a hangar that is owned/leased by a third-party. And the terms of your hangar lease will depend upon your specific leasing arrangement.
Proposed Releases of Airport Property That Could Impact Your …
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Updated Privately Owned Hangar Lease Agreement - Ventura …
WebAug 10, 2016 · In simple terms, the FAA now states that airports must get market value/market rent for leases of non-aeronautical properties. Market rent is defined as: … WebNov 25, 2015 · On a yearly basis, a significant number of airports ask the Federal Aviation Administration (FAA) for approval to release airport property for non-aeronautical use. If not done properly, such requests, if approved, can … WebDec 4, 2015 · A business may set up a lease between related parties for several reasons, including FAA regulations, state sales-tax planning, risk management and sharing the … scuba diving quarry in pennsylvania