REFLECTOR: Experimental aircraft leasing

[Scott Baker]

It is my legally unqualified opinion, following talks with the local 
FSDO and having entered into lease agreements between the factory and 
Velocity owner(s) on several occasions, it is okay to lease (as opposed 
to 'rent') an experimental aircraft to another party.  This does not 
mean that the aircraft may be operated for Commercial purposes.
I don't know if these lease agreements would have passed legal scrutiny 
under a magnified glass - but the insurance companies did not take issue.
FWI from a non-attorney.
Scott B.


On Jul 10, 2013, at 2:42 PM, "Laurence Coen" <lwcoen at hotmail.com> wrote:
>> Ken,
>>
>> It's my understanding that leasing an experimental for any purpose other than transision training is a violation of the FAR's.  You might want to look into that before you get involved.
>>
>> Larry Coen
>> N136LC
>>
>>