Rental Agreement
Aircraft Rental Agreement...
In consideration of the covenants herein contained the Operator named above hereby leases to the undersigned renter, upon the terms, covenants and conditions herein set out, aircraft the Renter has been authorized to rent by the Operator (herein referred to as “aircraft”).
1. Renter acknowledges that he is not an agent, servant or employee of the Operator.
2. Renter acknowledges and agrees that the aircraft is under the authority of the Operator; that the aircraft is in good mechanical condition’ that the aircraft together with all accessories and accouterments will be returned in the same condition received, ordinary wear and tear excepted; that the renter will not use the aircraft for the transportation of passengers or property for hire; that the aircraft will be properly secured when not in use.
3. Renter expressly acknowledges personal responsibility to pay the Operator on demand: a) Services and time charges computed at the applicable rate specified in the Operators current rate schedule for the period of the rental. B) A sum equal to the cost of all damages to the aircraft, loss of equipment of the aircraft, during rental period, provided however, the amount paid to and collected by the Operator from any physical damage insurance policy will be credited to the deductible from the above mentioned damage or loss. The Operator does insure the hull value of the aircraft. The insurance policy does provide a waiver of subrogation to the renter. In essence the renter is responsible for the deductible amount of $5,000 in motion and not in motion. The operator recommends that the renter carry non owned liability and Non Owned hull insurance but does not require it.
4. By affixing signature hereon, Renter becomes subject to the terms, conditions, limitations and restrictions of the aircraft liability and property damage insurance policy thereof, and is bound by its terms, conditions, limitations and restrictions. Public liability and property damage insurance policy must be in full force and effect when this agreement is signed. The policy is available for the renter’s inspection at the operations office. Renter agrees to comply with all the terms and conditions of said liability policy.
5. All accidents must be reported to the Company or Operator within 24 hours or as soon as practicable. The Renter shall not in any manner aid or abet any claimant but shall cooperate fully with the Insurance Company in all matters connected with the investigation and defense of any claim or suit.
6. The Renters insurance coverage under the above mentioned liability insurance policy shall begin when the Renter affixes his signature hereon and continues during the flight or series of flights.
7. The insurance Agreement provided herein may be breached and no insurance provided to the Renter, if anyone other than the Renter, who signs this agreement, operates the aircraft. (This is not an insurance policy. The above described policy may be inspected at the Operators office.)
8. All rental pilots shall maintain flight currency with the aircraft they are qualified to fly by, (1) flying at least once every 60 days. (2) Completing an annual re-currency training sessions with a CSIP (Cirrus Certified Instructor Pilot).
