When it comes to aircraft ownership, one of the most important decisions you`ll make is where to store your aircraft when it`s not in use. An aircraft hangar storage agreement is a legal contract between you and a storage provider for the safe and secure storage of your aircraft. This agreement covers details such as payment, access, and liabilities.
When choosing a storage provider, it`s important to look for a company that offers a secure and well-maintained facility. The hangar should ideally have climate control, fire suppression systems, and 24/7 security. In addition, you should ensure that the provider is licensed to store aircraft and has a reputable track record.
The cost of hangar storage can vary depending on location and facility amenities. Some providers charge hourly rates for storage, while others offer monthly or yearly contracts. It`s important to understand the pricing structure and any additional fees that may be associated with the agreement before signing.
Another important aspect of the agreement is access. You should ensure that you have access to your aircraft at all times, with reasonable notice given to the storage provider. This may include access for maintenance, repairs, or flight operations.
Liabilities are also discussed in the agreement. Both parties should clearly understand their responsibilities in terms of insurance coverage and damages. It`s important to have a provision for liability insurance to protect against any unexpected damages or accidents.
In summary, an aircraft hangar storage agreement is a crucial aspect of aircraft ownership. It ensures that your aircraft is safely stored, accessible, and protected against any liabilities. By choosing a reputable storage provider and carefully reviewing the agreement details, you can ensure a smooth and secure storage experience for your aircraft.