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Air contract service means an air carrier operation available only to customers that engage the services of the carrier through a contractual agreement and excess capacity on any trip and is not available to the public at large.
As a result, the CAR Agreement provides greater protection for buyers as it relates to contingency removals and reduces the risk that a buyer may lose its deposit.
Often, when commercial property is involved, the parties may be utilizing an AIR Commercial Real Estate (?AIR CRE?) purchase agreement.
In real estate, air rights are the property interest in the "space" above the earth's surface. Generally speaking, owning or renting land or a building includes the right to use and build in the space above the land without interference by others.
Air rights refer to the right to use and develop the empty space above or near a building or vacant lot.
C.A.R. Standard Forms are developed by the C.A.R. Legal Department which gathers input from real estate professionals and attorneys to create user-friendly, comprehensive, and dependable forms.
The AIR forms are designed to keep the transaction moving. The s allow the buyer more time to inspect, perform, or extend the closing date. Often, it is also more likely the buyer can get the deposit refunded if a is used. The primary difference between the AIR and s are passive vs.