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What is a Major Concession? A Comprehensive Legal Overview
Definition & Meaning
A major concession is a type of commercial agreement where a private party is granted the right to use land owned by the Army for a specific project. This arrangement typically involves significant gross fixed assets or an annual gross income exceeding $150,000. Major concessions aim to provide recreational services and facilities to the public while allowing the private party to earn a profit. These concessions are subject to review and approval due to their potential impact on land use and the environment.
Table of content
Legal Use & context
Major concessions are commonly utilized in the context of public-private partnerships, particularly in civil law. They involve leasing Army-controlled real property for commercial purposes. Legal practitioners may encounter major concessions in contract law, environmental law, and land use regulations. Users can manage some aspects of these agreements through legal templates provided by US Legal Forms, which are drafted by experienced attorneys.
Key legal elements
Real-world examples
Here are a couple of examples of abatement:
Example 1: A private company leases Army land to operate a golf course. The company generates annual revenue over $200,000 and must undergo an environmental review before the lease is approved.
Example 2: A concessionaire is granted the right to build and manage a marina on Army property, with expected gross assets exceeding $150,000. This project requires a comprehensive environmental impact statement. (hypothetical example)
State-by-state differences
Examples of state differences (not exhaustive):
State
Major Concession Regulations
California
Requires detailed environmental assessments for major concessions.
Texas
Less stringent approval processes compared to California.
New York
Mandates public hearings for major concessions on state lands.
This is not a complete list. State laws vary and users should consult local rules for specific guidance.
Comparison with related terms
Term
Definition
Key Differences
Minor Concession
A concession with lower financial thresholds and less regulatory scrutiny.
Minor concessions typically involve less than $150,000 in gross income.
Lease Agreement
A contract for renting property, which may not involve Army land.
Leases can be for residential or commercial properties and are not limited to Army land.
Common misunderstandings
What to do if this term applies to you
If you are involved in a major concession, it is essential to understand the approval process and any environmental assessments required. You may want to explore US Legal Forms for legal templates that can assist you in drafting necessary documents. If the situation is complex, consider consulting a legal professional for tailored advice.
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Approval process: Requires review and potential public hearings
Environmental impact: May require an environmental impact statement
Key takeaways
Frequently asked questions
A major concession is a commercial agreement allowing a private party to use Army-controlled land, typically involving significant financial thresholds.
No, only major concessions that meet specific criteria must undergo environmental assessments.
You can explore US Legal Forms for ready-to-use templates that can help in drafting major concession agreements.