A hangar lease in Mesa, AZ is a legal agreement between a tenant and a landlord that grants the tenant the exclusive right to use a designated hangar space for storing and maintaining an aircraft. Hangar leases are common in the aviation industry, where aircraft owners require secure storage for their planes.
There are different types of hangar leases, including ground leases and building leases. A ground lease allows the tenant to construct their hangar on the landlord’s property, while a building lease typically provides existing hangar space for rent.
The terms of a hangar lease can vary depending on the specific agreement between the tenant and landlord. However, some common considerations include the length of the lease, the rent amount and payment schedule, the permitted uses of the hangar, maintenance, and repair responsibilities, and insurance requirements.
Hangar leases typically involve significant financial investment from the tenant, so it is important to carefully review and negotiate the terms of the lease before signing. With a solid understanding of the lease agreement and clear communication with the landlord, a hangar lease can provide an effective and secure solution for aircraft storage needs.
Important Considerations When Trying to Find a Hangar Lease
Location
The location is crucial when trying to find a hangar lease. Ensure that you choose a hangar close to your home or place of work, as this will help reduce the amount of time and resources spent traveling.
Size
The size of the hangar is another important consideration. Consider the size of your aircraft, and choose a hangar that can comfortably accommodate it. Additionally, consider the amount of space you would need for other equipment and tools.
Security
Security is an important consideration when it comes to finding a hangar lease. Look for a hangar located in a secure and well-monitored area with reliable surveillance systems that will keep your aircraft safe.
Cost
The cost of the hangar is another important consideration. Ensure you choose a hangar that fits your budget while offering the space and security you require.
Additional Amenities
Consider the additional amenities that the hangar offers. For example, some hangars may offer fueling services, maintenance, and repair services, or access to facilities such as a lounge or restroom.
Lease Terms
Review the lease terms carefully before signing the dotted line. Ensure that you understand the lease’s start and end date, the payment schedule, and any penalties for late payments, among other things.
Accessibility
Accessibility is an important factor, especially if you use the hangar frequently. Ensure that the hangar is easily accessible, and consider the availability of parking spaces and transportation options nearby.
