I don't have my hands on it yet, but I've read one and am in negociations on
one that is basically like this:

XX per Hobbs hour dry rate, 20 hours per month minimum payment, adjusted to
an average of 20 hours per month at lease end

Owner does all maintenance including annual, 100hrs, ADs and oil changes.
Owner allows replacement cost and home base shop labor rates for all off
base repairs and parts.
Owner will replace materials and parts as required due to normal wear and
tear.

Lessee pays for all fuel, additional oil, hydraulic fluids consumed during
normal flight.
Lessee guarantees aircraft will be hangered and pays for all hanger, ramp,
tie down fees etc.
Lessee pays for full coverage insurance, $1 million liability and lists
Lessor as additionally insured.
Lessee is responsible for repairs, maintenance, and subscriptions for
avionics.

Aircraft can only be flown by those listed or qualified by insurance policy.
Aircraft can only be flown for operations that are approved by insurance
policy.
Flights must comply with FARs but are not restricted in any other way.

Beyond that there is all the legal jargon holding Lessor harmless for
Lessee's actions and Lessee promising not to allow a lien against Lessor's
aircraft.

The insurance company will most likely want you to set up an LLC (ours did)
and they will want copies of the lease. Likewise the Lessor will want
copies of the Insurance policy and LLC Agreement.

Jim


"Peter" wrote in message
...

Hi,

I am looking for a specimen text of a Dry lease contract, under which
an N-reg plane could be rented out on an hourly basis, under Part 91.

I've looked at various googled documents but most of what I find is
pretty complex and applies to airliners.

I would appreciate any help or pointers.


Peter.
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