Overview
Final Exam Project The final exam project is a compilation of the materials we have studied in class. The project consists of formulating a lease document for a business on an airport to include the primary lease document and all pertinent exhibits to the lease. Please use the following criteria for the project Q Create a business plan ( 3 page minimum ) for your proposed business (FBO, Flight School, etc..) at the airport you have selected Q Compile a lease document between your business and the Airport Authority Q You may use the lease document provided to you or another lease at your discretion Q Include the Minimum Standards as an exhibit if applicable Q The Minimum lease area is as follows: o 2 hangars totaling not less than 50,000 sq. ft. o Improved land – Minimum 2 acres o Unimproved Land – 20,000 sq. ft. o Note – A land lease or concession area lease versus hangar lease is also acceptable Q Include a lease exhibit which shows the physical layout of your business, i.e. hangar, ramp area, auto parking, office, grass areas, etc... (Note- be sure to configure your lease area to at least the minimums described above) Q Research any information you can find on the characteristics of the airport you have selected that might affect the lease provisions – Use as much accurate information as possible Q Include airport website link (reference) in your paper Q Establish a lease rate page (exhibit) for all areas of the lease ( office space – price per square foot, Hangar space – price per square foot, Ramp area – price per square foot, Unimproved land – price per square foot ) – Include a total annual lease amount.