Estimating Market Value and Establishing Market Rent at Small Airports (2020) / Chapter Skim
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Pages 61-66
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From page 61... ...
61 Glossary of Terms Aeronautical: Associated with activities directly related to the operation of aircraft. Aeronautical Activity: Any activity that involves, makes possible, or is required for the operation of aircraft, or that contributes to or is required for the safety of such operations.
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From page 62... ...
62 Estimating Market Value and Establishing Market Rent at Small Airports Appraiser: An individual possessing the education, training, experience, and professional qualifications necessary (as determined by the airport sponsor) to render a properly informed opinion regarding the value of land and/or improvements.
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From page 63... ...
Glossary of Terms and Acronyms 63 Fee Policy: A PMCD that sets forth the process for establishing and adjusting fees at an airport. General Aviation: The portion of civil aviation that encompasses all facets of aviation except air carriers and military.
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From page 64... ...
64 Estimating Market Value and Establishing Market Rent at Small Airports Leasing Policy: A PMCD that sets forth the parameters for leasing airport land and improvements. Legal Requirements: All applicable federal, state, county, and local laws, codes, ordinances, policies, and regulations.
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From page 65... ...
Glossary of Terms and Acronyms 65 Non-Aeronautical Unimproved Land: Airport land without improved landside access or utilities to the property boundary and no airside access. Non-Commercial: Not for the purpose of securing earnings, income, compensation (including exchange or barter of goods and services)
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From page 66... ...
66 Estimating Market Value and Establishing Market Rent at Small Airports Sublessee: An entity that has entered into a sublease with a lessee who is authorized (by the airport sponsor) to engage in commercial aeronautical activities at the airport.
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