Avis Budget Car Rental Lease Amended For New ConRAC
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Description
The Finance Committee is asked to recommend amendments to Avis Budget Car Rental LLC’s concession and facility lease to align terms with the new Consolidated Rental Car Facility. The changes co-terminate the agreements and adjust the renewal term to a five-year period or execution of a new ConRAC agreement.
Contract Details
Vendor
AVIS BUDGET CAR RENTAL LLC
Agency
Metropolitan Nashville Airport Authority, TN
Contract Type
TRANSPORTATION
Document Date
May 13, 2026
Contract Term
Original concession and facility lease effective November 1, 2011; amended to align concession and facility terms and co-terminate with New ConRAC facility occupancy agreements; lease renewal term changed to 5 years or execution of new agreement, whichever comes first
Renewal Date
2026-10-31
Renewal Info
Facility lease renewal term redefined as 5 years or execution of a new agreement tied to New ConRAC occupancy; concession agreement now co-terminates with the facility lease.
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