Airport premises — traps for the unwary
Taking a tenancy of airport real estate may at first appear little different to leasing any other type of commercial property. However, the operational requirements of a company wishing to take space at an airport need to be thought through carefully; simply using ‘standard’ documentation that would be suitable for warehouse or office premises in other locations may expose a tenant to unexpected factors unique to an airport environment.
Ince & Co real estate partner Trevor Garrood says: “In our experience there is often insufficient focus on legal rights and ancillary arrangements which airport occupiers may need but which would not be relevant elsewhere.”
“For those committing to a long term lease of a hangar or warehouse facilities where the user or its customers will need to move aircraft in and out, there needs to be legal certainty on a whole raft of ancillary issues” he adds…
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