Aircraft Hangar Lease Agreement Template

Aircraft Hangar Lease Agreement Template

This Aircraft Hangar Lease Agreement (the “Agreement”) is entered into as of [Effective Date] by and between:

Lessor/Landlord: [Landlord Legal Name], with an address at [Address] (“Landlord”).
Lessee/Tenant: [Tenant Legal Name], with an address at [Address] (“Tenant”).

Landlord and Tenant may be referred to individually as a “Party” and collectively as the “Parties.”

1. Hangar Premises

1.1 Hangar Location. [Airport name], Hangar/Unit No. [], located at [Address].
1.2 Space Description. Approx. size: [] sq ft; door height: []; door width: [].
1.3 Included Areas (Optional). ☐ Office ☐ Storage room ☐ Apron/tie-down ☐ Parking ☐ Other: [List].
1.4 Condition. Tenant accepts the hangar in its current condition except: [Exceptions].

2. Term

2.1 Lease Term. Start date: [Start Date]. End date: [End Date].
2.2 Renewal (Optional). ☐ None ☐ Month-to-month ☐ Renewal option: [Terms].
2.3 Early Termination (Optional). Early termination allowed: ☐ No ☐ Yes (notice/fee): [Terms].

3. Rent and Deposit

3.1 Rent. $[Amount] per ☐ month ☐ quarter, due on the [] day.
3.2 Security Deposit. $[Amount], due upon signing.
3.3 Late Fees. $[] or []% after [] days, if permitted.
3.4 Payment Method. ☐ ACH ☐ Wire ☐ Check ☐ Other: [Method].

4. Permitted Use and Restrictions

4.1 Permitted Use. Hangar may be used for: ☐ Aircraft storage ☐ Owner-performed maintenance (if allowed) ☐ Non-commercial storage (approved only) ☐ Other: [Describe].
4.2 Prohibited Activities. Unless expressly allowed by airport rules and in writing:
☐ No fueling inside hangar ☐ No painting/sanding ☐ No welding ☐ No commercial maintenance ☐ No sleeping/living use.
4.3 Prohibited Materials. No hazardous materials except as allowed for normal aircraft operations.
4.4 Compliance. Tenant will comply with airport rules, fire codes, and applicable laws.

5. Aircraft Information (Optional)

5.1 Aircraft Make/Model: [Make/model]
5.2 Tail Number (N-Number): [Number]
5.3 Owner/Operator: [Name/entity]

6. Access, Security, and Airport Rules

6.1 Access Hours. ☐ 24/7 ☐ [Hours], subject to airport access rules.
6.2 Keys/Codes. Tenant is responsible for securing keys/codes and may not duplicate without approval.
6.3 Security. Security measures: ☐ Tenant responsible ☐ Landlord provides [Details] ☐ Airport-controlled: [Rules].
6.4 Vehicle Access. Vehicle access and parking limited to: [Rules].
6.5 Inspections. Landlord may inspect with [__] hours’ notice, except emergencies.

7. Utilities and Services

7.1 Utilities. Paid by: ☐ Tenant ☐ Landlord ☐ Split: [Details].
7.2 Services. Included services: ☐ Trash ☐ Snow removal ☐ Pest control ☐ Other: [List].
7.3 Interruptions. No liability for interruptions outside control, to the extent permitted by law.

8. Maintenance, Repairs, and Alterations

8.1 Landlord Responsibilities. ☐ Structure/roof ☐ Exterior ☐ Door mechanisms (if landlord-maintained) ☐ Other: [List].
8.2 Tenant Responsibilities. Cleanliness, minor repairs, and damage caused by Tenant or aircraft operations.
8.3 Alterations. No alterations without written permission and airport approvals (if required).
8.4 Return Condition. Return broom-clean and remove Tenant property.

9. Insurance and Indemnity

9.1 Tenant Insurance. Tenant will maintain:

• Aircraft liability insurance with limits of $[__] per occurrence

• Aircraft hull insurance: ☐ Required ☐ Not required

• Commercial general liability for hangar operations (if applicable)
  9.2 Additional Insured. Tenant will name ☐ Landlord ☐ Airport authority as additional insured if required.
  9.3 Proof of Insurance. Provide certificates upon request.
  9.4 Indemnity. Tenant will indemnify Landlord for claims arising from Tenant’s use, except Landlord negligence, to the extent permitted by law.

10. Damage, Casualty, and Risk

10.1 Tenant Property. Landlord is not responsible for damage to aircraft or Tenant property except as required by law.
10.2 Casualty. If hangar is materially damaged, rent will be: ☐ Abated ☐ Not abated, as follows: [Terms].
10.3 Force Majeure. Delays due to events beyond control do not constitute breach.

11. Default and Remedies

11.1 Default. Non-payment, prohibited use, or material breach constitutes default.
11.2 Remedies. Landlord may terminate and pursue lawful remedies.

12. Notices

12.1 Notices must be in writing and delivered to the addresses above.

13. Miscellaneous

13.1 Governing Law. This Agreement is governed by the laws of [State/Country].
13.2 Entire Agreement. This Agreement is the entire agreement for the hangar lease.
13.3 Amendments. Amendments must be in writing and signed by both Parties.
13.4 Severability. If any provision is unenforceable, the remainder remains effective.
13.5 Electronic Signatures. Electronic signatures are effective.

Signatures

By signing below, the Parties agree to this Aircraft Hangar Lease Agreement as of the Effective Date.

Landlord: [Landlord Legal Name]
Authorized Signatory: [Name]
Title/Role: [Title]
Date: [Date]
Signature: ___________________________

Tenant: [Tenant Legal Name]
Authorized Signatory: [Name]
Title/Role: [Title]
Date: [Date]
Signature: ___________________________

Witnesses (If Required)

Witness Name: [Name]
Date: [Date]
Signature: ___________________________

Notary / Notarization (Optional)

State of [State]
County of [County]

On [Date], before me, [Notary Name], personally appeared [Landlord Authorized Signatory Name] and [Tenant Authorized Signatory Name], known to me (or satisfactorily proven) to be the persons whose names are subscribed to this Agreement, and acknowledged that they executed it for the purposes stated.

Notary Public Signature: _______________________
My Commission Expires: _______________________
Notary Seal (if applicable): ___________________