The Hangar Sublease Agreement is essential when an existing tenant wishes to sublet their hangar space to another party under English and Welsh law. This document is particularly relevant in aviation contexts where organizations need flexible arrangements for aircraft storage, maintenance, or operations. It must comply with both standard property law requirements and specific aviation regulations, including Civil Aviation Authority standards. The agreement typically includes detailed provisions for space usage, safety requirements, insurance obligations, and operational procedures, while ensuring compliance with the original head lease terms.
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1. Parties: Identification of head lessor, sublessor, and sublessee with full legal details
2. Background: Context of the sublease, including details of head lease and purpose
3. Definitions: Key terms used throughout the agreement including aviation-specific terminology
4. Demise: Specific description of hangar space being subleased
5. Term and Rent: Duration of sublease and payment terms
6. Permitted Use: Allowed activities within the hangar space and operational restrictions
7. Maintenance and Repairs: Responsibilities for upkeep and repairs of the hangar facility
8. Insurance: Required insurance coverage and obligations including aviation-specific insurance
9. Compliance with Head Lease: Obligations to comply with head lease terms and aviation regulations
1. Service Charges: Details of additional services and associated costs for hangar operations
2. Alterations: Rights and restrictions regarding modifications to the hangar space
3. Assignment and Subletting: Rights to transfer or further sublease the hangar space
4. Environmental Compliance: Specific obligations regarding environmental protection and waste management
1. Schedule 1: Plan: Detailed plan of the hangar space and access routes
2. Schedule 2: Head Lease Terms: Relevant excerpts from the head lease
3. Schedule 3: Services: List of provided services and specifications
4. Schedule 4: Condition Report: Initial condition of the hangar space
5. Appendix A: Operating Procedures: Safety and operational requirements for hangar use
6. Appendix B: Insurance Requirements: Detailed insurance specifications including aviation-specific coverage
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