Airport Lease Clauses for AIP Compliance | Practical Law

Airport Lease Clauses for AIP Compliance | Practical Law

Standard Clauses included in an airport property lease, or ground lease, to comply with written assurances the Federal Aviation Administration (FAA) requires of public-use airports receiving grant funds or real property from the federal government under the Airport Improvement Program. These clauses address maximum term length, rent adjustment, non-discrimination, air space protections, and reserved property rights. These Standard Clauses have integrated notes with important explanations and drafting and negotiating tips for the airport landlord.

Airport Lease Clauses for AIP Compliance

Practical Law Standard Clauses w-004-8145 (Approx. 12 pages)

Airport Lease Clauses for AIP Compliance

by Practical Law Government Practice
MaintainedUSA (National/Federal)
Standard Clauses included in an airport property lease, or ground lease, to comply with written assurances the Federal Aviation Administration (FAA) requires of public-use airports receiving grant funds or real property from the federal government under the Airport Improvement Program. These clauses address maximum term length, rent adjustment, non-discrimination, air space protections, and reserved property rights. These Standard Clauses have integrated notes with important explanations and drafting and negotiating tips for the airport landlord.