| Branch | U.S. Air Force |
| Series | AFI |
| Publication date | 2020-08-19 (6.0 years ago) |
| Status | Current |
| Proponent / OPR | SAF/AQ |
| Source of record | AF e-Publishing |
Download PDF Official document (AF e-Publishing)
This Instruction establishes procedures and management controls for creating lease agreements for non-excess aircraft and aircraft-related equipment. For non-excess personal property other than aircraft and aircraft-related equipment, each MAJCOM establishes their own procedures and management controls for creating lease agreements. A3.2. Elements of a Lease Agreement. Leases will be tailored to the specific requirement; however, the following elements will be captured in the lease agreement: A3.2.1. Transfer, Maintenance, and Return of the Property. (T-1) A3.2.2. The leased property shall not be transferred, encumbered, or used for other purposes without the written consent of the Assistant Secretary of the Air Force (Acquisition). (T-1) A3.2.3.