Billard Airport

Leasing Policy

The MTAA’s leasing policy encourages development and growth of the Authority’s property while ensuring MTAA’s continued compliance with applicable local, state and federal law and regulation.  Leasing_Policy_FINAL_031924.pdf

The MTAA provides a certain level of maintenance in accordance with its lease obligations. Some Lessees wish to make repairs, remodels or improvements to their leased properties which either fall outside the normal scope of the MTAA’s obligation or will be difficult to accomplish in a timeframe that meets the Lessee’s needs.  In such cases, the Lessee may find it expeditious to undertake the work themselves.  This policy prescribes a method for Lessees to present their proposed improvements to the MTAA for approval and then negotiate a possible rent abatement to offset their costs.

Policy_on_Reimbursement_of_Major_Tenant_Improvements_FINAL.pdf