Due to expensive costs, landlords traditionally place liability on the tenant for HVAC repair and replacement. This causes great disputes during lease negotiations, or liability is overlooked by the tenant, resulting in arguments, lawsuits, and volatility.
Tenants often feel swindled. Many tenants don’t realize their responsibility in HVAC matters until it’s too late. If they’re the unlucky lessee when a unit fails, it spells disaster – with up to 15-month wait times and lost business.
HVAC specialists make the bulk of their money on replacing units, and are incentivized to do so when possible. High margins on equipment means that they can leverage demand to their benefit — and to the detriment of customers.
Covers servicing, maintenance, emergency repairs and replacement of HVAC systems.
Repair and replacement services that last the lifespan of each HVAC unit.
Saving money and reducing environmental impacts with a more sustainable and efficient approach to HVAC.
Completely eliminates HVAC liability for commercial real estate owners and tenants.
Airlast charges landlord a low monthly fee per month, per HVAC unit.
Landlord bills back those costs to the tenant, included in monthly rent.
Airlast has the full make, model, and current state of tenant's HVAC, which is used to predict unit failure.
When the unit fails, Airlast has new unit ready for install. A technician is paid to replace the unit ASAP.
HVAC replacement is fast and easy. Tenant and Landlord are happy and worry-free.
Charlie Banks was a commercial real estate broker who was tired of negotiating with tenants when HVAC units would fail. Since HVACs are notoriously expensive, Charlie was surprised to discover that commercial HVAC insurance did not exist.
The Airlast idea was born in early 2023 and officially launched in August 2023: a full-service product that would provide end-of-life protection for HVAC, and eliminate all liability for landlords and tenants.
Co-Founder
Co-Founder, Chairman
CFO
Director of Operations
Chief Design, Product Officer
