Thanks FD
It was just something that somebody said to me that had me worried for a momento. And I couldn't find anything on the CAA website that helped clarify it either.
Regarding t'other risks noted by Hairyplane.... Yup I agree and note what you say. It can turn out bad, but the key lies in finding the right places and the right people to rent to (like FD....
)
I already lease a 172 to a decent & responsible flying club, and so far (touch aluminium), a year on, it's more or less going according to plan - that is, not an amazing income by any means but a small return on the capital outlay. I do stipulate that the aircraft is not used for ab initio training - it's for PPL hire and trial lessons only. That reduces some of the "hammer" factor.
Oh yes and the little taildragger will be rented on tacho time.
The 172 is leased on a dry rate and the club charge punters on chock to chock time.