04 Aug Theproject consists of formulating a lease document for a business on an airport
Theproject consists of formulating a lease document for a business on an airport (one of
the three airports that you researched in Project #2) to include the primary lease
document and all pertinent exhibits to the lease. Please use the following criteria for the
project
Q Choose one of the three airports you researched in Project #2
Q Create a business plan ( 3 page minimum ) for your proposed business
(FBO, Flight School, etc..) at the airport you have selected
Q Compile a lease document between your business and the Airport Authority
Q You may use the lease document provided to you or another lease at your
discretion
Q Include the Minimum Standards as an exhibit if applicable
Q The Minimum lease area is as follows:
o 2 hangars totaling not less than 50,000 sq. ft.
o Improved land – Minimum 2 acres
o Unimproved Land – 20,000 sq. ft.
Q Include a lease exhibit which shows the physical layout of your business, i.e.
hangar, ramp area, auto parking, office, grass areas, etc… (Note- be sure to
configure your lease area to at least the minimums described above)
Q Research any information you can find on the characteristics of the airport you
have selected that might affect the lease provisions – Use as much accurate
information as possible
Q Include airport website link (reference) in your presentation
Q Establish a lease rate page (exhibit) for all areas of the lease ( office space –
price per square foot, Hangar space – price per square foot, Ramp area – price
per square foot, Unimproved land – price per square foot ) – Include a total
annual lease amount.
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