REFLECTOR: Experimental aircraft leasing

[John Dibble]

Can you elaborate on the difference between lease and rent?

John

On 7/11/2013 6:30 AM, Scott Baker wrote:
> 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
>>>
>>>
>
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