I’ve bought another hanger closer to home and like everything it’s becoming more expensive and more complicated. To the point that I’ve seriously considered getting out of aviation and owner ship after more than 40 yrs. But I’m going to hang in a little bit longer if I can and will take in a tenant or 2 to help offset some of the costs.
From the insurance companies starting with the several dozens of questions where some are totally irrelevant to a hanger that’s an extension of my garage, but they all want to know what I’m doing in the hanger and for the most part clearly state what they will cover and will not cover as well as what the airport wants for reporting on hazardous substances, wastes and environmental cleanup plan etc. It’s become very complicated with the insurance companies as well as some of the airport management them selves.
So, what I’m looking for is something that I may be able to use as a simple document for me the landlord to have my tenant sign that basically say they won’t break the laws, do stupid stuff with fuel in the hanger, no open flames, environmental issues and of course not sue me if they trip, slip fall etc. and get injured as well as any damage out side of normal wear and tear.
I could use something similar to the 47-page document that the airport authority wants me to sign for a lease agreement and throw in some of the stuff from the insurance company’s but its unlikely any potential tenant would sign or even comply with that for a simple $300 a month spot in a hanger.
Any suggestions or able to help?
Thanks
Tim
From the insurance companies starting with the several dozens of questions where some are totally irrelevant to a hanger that’s an extension of my garage, but they all want to know what I’m doing in the hanger and for the most part clearly state what they will cover and will not cover as well as what the airport wants for reporting on hazardous substances, wastes and environmental cleanup plan etc. It’s become very complicated with the insurance companies as well as some of the airport management them selves.
So, what I’m looking for is something that I may be able to use as a simple document for me the landlord to have my tenant sign that basically say they won’t break the laws, do stupid stuff with fuel in the hanger, no open flames, environmental issues and of course not sue me if they trip, slip fall etc. and get injured as well as any damage out side of normal wear and tear.
I could use something similar to the 47-page document that the airport authority wants me to sign for a lease agreement and throw in some of the stuff from the insurance company’s but its unlikely any potential tenant would sign or even comply with that for a simple $300 a month spot in a hanger.
Any suggestions or able to help?
Thanks
Tim