Hangar Land Lease Rates?

[Jim Kellett]

We'd like to know the terms of any US Clubs who currently have a land-lease
from an FBO for a hangar they built themselves . . .especially annual cost,
length of lease.

Jim Kellett

[303pilot]

This a little bit of an apples to oranges response, but the model the club I
belong to uses with its members might be useful in your negotiations with
the FBO.

The hanger builder pays a tiny lease fee ($50/yr?) and builds the hangar to
conform with club-provided guidelines for size, construction standards and
the like. After a term (20 years, I believe), the hangar becomes the
property of the club and the builder can rent the space back from the
club--presumably at a rate less than the previous mthly depreciation, but
this hasn't been defined, AFAIK.

During the term, the landowner gets capital improvements and only "pays" the
opportunity cost (at our field the hanger builder pays taxes on the hangar).
After the term they get a revenue stream. The builder gets a hangar at a
reasonable cost.

Brent


"Jim Kellett" > wrote in message
t...
> We'd like to know the terms of any US Clubs who currently have a
land-lease
> from an FBO for a hangar they built themselves . . .especially annual
cost,
> length of lease.
>
> Jim Kellett
>
>