A aviation & planes forum. AviationBanter

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Go Back   Home » AviationBanter forum » rec.aviation newsgroups » General Aviation
Site Map Home Register Authors List Search Today's Posts Mark Forums Read Web Partners

Sample contract for a Dry Lease ?



 
 
Thread Tools Display Modes
  #1  
Old May 20th 04, 06:36 PM
Dave Butler
external usenet poster
 
Posts: n/a
Default Sample contract for a Dry Lease ?

Peter wrote:

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 thought AOPA had a sample lease agreement but I don't see it on their web
page. I see you're non-US, if you have a local AOPA equivalent organization, I'd
give them a call.

Come to think of it I'm -sure- when I was leasing my Archer to the flying club,
we used the AOPA lease as a model. If all else fails, maybe you can call AOPA in
the US.

Dave
Remove SHIRT to reply directly.

  #2  
Old May 20th 04, 07:41 PM
Dude
external usenet poster
 
Posts: n/a
Default

In the US, this is a definite for having an attourney to protect your
liability and tax benefits.

Unless these are non issues for UK types, then I would suggest you look into
getting a professional. Mine has saved me many more thousands than I paid
him.


"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.
--
Return address is invalid to help stop junk mail.
E-mail replies to but remove the X and the Y.
Please do NOT copy usenet posts to email - it is NOT necessary.



  #3  
Old May 20th 04, 08:08 PM
Jim Burns
external usenet poster
 
Posts: n/a
Default

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.
--
Return address is invalid to help stop junk mail.
E-mail replies to but remove the X and the Y.
Please do NOT copy usenet posts to email - it is NOT necessary.



  #4  
Old May 22nd 04, 01:26 PM
Jim Burns
external usenet poster
 
Posts: n/a
Default

That would be a question for a lawyer, and I don't know if UK law differs
from US law in that area, but every lease I've ever made out or signed was
required to be dated, signed, and for a specified period and/or for specific
requirements. I'd say yes, a lease could be for one day as long as it was
specified as such and any other requirements of the lease were met.
Jim

"Peter" wrote in message
...

"Jim Burns" wrote

XX per Hobbs hour dry rate, 20 hours per month minimum payment, adjusted

to
an average of 20 hours per month at lease end

[snip]

Is there a legal requirement for the lease period to be some monimum
value? For example, could one have a dry lease period of one day?


Peter.
--
Return address is invalid to help stop junk mail.
E-mail replies to but remove the X and the Y.
Please do NOT copy usenet posts to email - it is NOT necessary.



  #5  
Old May 23rd 04, 02:15 PM
Graham Wilson
external usenet poster
 
Posts: n/a
Default

On Thu, 20 May 2004 17:01:37 +0100, Peter
wrote:


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.


I'm a solicitor who deals with commercial contracts day in and day
out, but I wouldn't even contemplate trying to draw up a dry lease
contract for myself. I would get a specialist solicitor to do the
drafting.

It's not just what is in the agreement but what is missing from the
agreement.

Remember the old saying "a man who has himself as his lawyer has a
fool for a client."

(:-)

Graham







 




Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Lockheed wins Presidential helicopter contract Tiger Naval Aviation 0 January 29th 05 06:24 AM
Boeing Boondoggle Larry Dighera Military Aviation 77 September 15th 04 02:39 AM
Next Generation Aircraft Carrier Contract Awarded Otis Willie Naval Aviation 6 May 23rd 04 02:53 PM
Contract Tower Program - Discussion Thread running with scissors Military Aviation 6 April 22nd 04 04:04 AM
Air Force announces small diameter bomb contract award Otis Willie Military Aviation 0 October 9th 03 09:52 PM


All times are GMT +1. The time now is 01:23 PM.


Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright ©2004-2024 AviationBanter.
The comments are property of their posters.