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HANGAR LEASE AGREEMENT

HANGAR LEASE AGREEMENT 2026

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The document is a Hangar Lease Agreement between the County of Richland, South Carolina (Lessor) and a Lessee for the rental of a hangar at Jim Hamilton – LB Owens Airport. It outlines the terms of the lease, including duration, rent payment details, permitted use of the premises, maintenance responsibilities, insurance requirements, and conditions for termination. The agreement emphasizes compliance with federal and state regulations, security measures, and non-discrimination policies.

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Click ‘Get Form’ to open the HANGAR LEASE AGREEMENT in the editor.
Begin by filling in the date and names of both the Lessor and Lessee at the top of the document. Ensure accuracy as this establishes the parties involved.
In Section 1, specify the hangar number and describe the aircraft to be stored. If there are multiple aircraft, ensure each is listed clearly in Attachment A.
Proceed to Section 2 to enter lease terms, including duration and monthly rent. Be sure to note any additional charges that may apply.
Complete Section 3 by detailing how the leased premises will be used, ensuring compliance with FAA regulations.
Fill out Attachment A with your personal information and details about your aircraft. This section is crucial for identification purposes.
Review all sections for completeness and accuracy before signing at the end of the document. Use our platform’s tools for easy editing if needed.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Is it illegal to live in a hangar?

Federally funded and regulated airports do not allow hangars to be residences, says McGarry. Given that more than 1,000 airports were granted funding by the FAA in 2022, that eliminates quite a few opportunities for a hangar home.

Can I write my own lease agreement?

A hand-written rental agreement is absolutely valid and enforceable. It doesnt need to be docHubd, but must be signed by both parties to the lease. Essential terms must be present in the writing, however.

Can you sleep in your hangar?

Can you build an apartment in your hangar and sleep in it? The FAA specifically says no. A hangar on an airport that receives AIP funds cannot be used as a residence. Overnighting in your hangar is not approved.

How much is it to rent an aircraft hangar?

Average Costs of Renting an Airplane Hangar for 2024 Typical rental rates for older single aircraft box hangars of modest 2,000 square foot size average around $850-$950 monthly based on recent U.S. figures. Larger spaces for jets like 10,000 square foot hangars lease from $4,000-$7,000 monthly.

Is a hangar real property?

Typically, aircraft hangars are considered personal property, as opposed to real property or real estate. That is, the aircraft hangar is a tangible asset that is located on real property which is usually leased from the owner or operator of the airport, but the hangar is not considered part of the real property.

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What are some red flags in a lease agreement?

The 2 biggest signs are not keeping up with basic maintenance. And asking for illegal terms in the lease agreement.

Can you legally live in a hangar?

The bigger hurdle is the regulations set by the Federal Aviation Administration (FAA). Federally funded and regulated airports do not allow hangars to be residences, says McGarry. Given that more than 1,000 airports were granted funding by the FAA in 2022, that eliminates quite a few opportunities for a hangar home.

What is a hangar lease?

Leasing an aircraft hangar essentially means that you will be renting the space from someone that owns it, just like you would a house or commercial building.

HANGAR LEASE AGREEMENT 2026

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