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AIRPORT HANGAR LEASE AGREEMENT
<br />THE STATE OF TEXAS §
<br />COUNTY OF LAMAR §
<br />KNOW ALL MEN BY THESE PRESENTS
<br />This Hangar Lease Agreement (Lease) is made by and between the City of Paris, Texas, a home
<br />rule municipal corporation (LESSOR), and _ ___ ,,,,,,,,_(LESSEE).
<br />For and in consideration of the payment of monthly hangar rental paid to LESSOR, LESSOR does
<br />hereby lease, rent, and let unto LESSEE that portion of Cox Field real property known as Hangar
<br />and as described in Exhibit A, attached hereto and made a part hereof for all legal
<br />purposes.
<br />LESSEE hereby leases said real property from LESSOR subject to the terms, covenants, and
<br />conditions stated below, and shall have the right and privilege to construct and maintain certain
<br />improvements of said property. LESSEE accepts property "as is."
<br />Except to the extent provided herein and subject to the provisions hereof, LESSEE shall have and
<br />hold the leased premises, together with all rights, privileges, easements, appurtenances, and
<br />immunities belonging to or in any way appertaining to said leased premises, including, but not
<br />limited to, any and all easements, rights, title and privileges of LESSOR now or hereafter existing
<br />in, to, or under said leased premises, and additionally LESSEE shall be permitted to use in common
<br />with others all streets and other rights of ingress and egress and all runways, taxiways and
<br />designated aprons which are or may hereafter be provided at the Airport.
<br />LEASE TERMS:
<br />1. Subject to the provisions contained herein, LESSEE shall pay to LESSOR a monthly hangar
<br />payment of $ per month, to be paid on or before the 1St day of each month, beginning on
<br />the commencement date of this lease and continuing regularly thereafter during the term of this
<br />lease and any extensions thereof. At its sole option, LESSEE may prepay any of the rental
<br />installments.Il:�a,r�u�axld. a .Ari,( p�°,�°f4,
<br />St,�°���1�_,y.� IwF x�,i�78�e,➢2ti�� ��,I,� ,oar%Nr.�,,���KA;��a,,�°i.,4
<br />of ����r��i7rFor,���t �����ft��,����i��od f�Y�, w,�,��J,c, �.K�F��JI Q�f....��'���" 7�� r.1�.�� �i�,�6��w;��..e�"�a.,iu��4.i.,,
<br />2. Rental rates established herein shall ti,), � �n f . _increase annually, on the
<br />first day of the month in which lease begins, in an amount equal to 2 J,-.5%. ic4r�F,,,_�
<br />Revised 2()22 (l�61 l 0, 2024
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