75 Year hangar lease

Vision 100 - Century of Aviation Reauthorization Act enacted last year,
requires

(21) if the airport owner or operator and a person who
owns an aircraft agree that a hangar is to be constructed at the
airport for the aircraft at the aircraft owner's expense, the
airport owner or operator will grant to the aircraft owner for
the hangar a long-term lease that is subject to such terms and
conditions on the hangar as the airport owner or operator may
impose.''
http://frwebgate.access.gpo.gov/cgi-...cong_public_la
ws&docid=fubl176.108

Problem is, the act doesn't say what a long-term lease is.
Representative Pearce (R-NM) proposed a new law to say that a long-term
lease is 75 years. I'm suggesting we should support that.
--Kent

From: Darrel Toepfer

Are there any situations where normal 5-10 year leases have caused
problems?

With and airport receiving support funding from the FAA, the feds frown
on leases over 25 years...

("Darrel Toepfer" wrote)
With and airport receiving support funding from the FAA, the feds frown on
leases over 25 years...


Huh? The two are related how? Curious.

Montblack
Sitting on a 99 year land lease in our Townhose Association paperwork.
Wonder what will happen in 60-75 years when all of these Townhome
Association leases come due?