poteroo
18th Sep 2008, 03:45
I'm interested to hear what terms of lease hangar owners have been signed to, or are in negotiation for, or are being offered upon renewal.
At our airport, hangar leases were originally for 20 yrs, with an option for another 20. Hangar 'owners' have recently been advised that the owner, (a City), has received legal opinion that this arrangement is 'unlawful' and that the owners will not necessarily offer any set term of lease upon renewal. There has been some comment that this might mean the hangar site being:
(1) offered for renewal by tender to any interested party, or,
(2) offered to the incumbent for a significantly shorter term, or,
(3) offered to the incumbent for a shorter term, and at a significantly higher lease rate per sq. metre than the original lease.
As more local governments begin to see their airport as an income source, and less as a public 'good', it seems we are going to be squeezed tighter to remain there.
Interested in what's happening elsewhere,
happy days,
At our airport, hangar leases were originally for 20 yrs, with an option for another 20. Hangar 'owners' have recently been advised that the owner, (a City), has received legal opinion that this arrangement is 'unlawful' and that the owners will not necessarily offer any set term of lease upon renewal. There has been some comment that this might mean the hangar site being:
(1) offered for renewal by tender to any interested party, or,
(2) offered to the incumbent for a significantly shorter term, or,
(3) offered to the incumbent for a shorter term, and at a significantly higher lease rate per sq. metre than the original lease.
As more local governments begin to see their airport as an income source, and less as a public 'good', it seems we are going to be squeezed tighter to remain there.
Interested in what's happening elsewhere,
happy days,