Aircarft Private Leasing Problem

[Smark]

Hi everybody,

I am the newbie also studying in CPL course.
In fact, I have my own aircraft which is planning for lease to someone who is the private pilot for joy flight.

(Because I want to bear some operation cost for parking, maintenance and the airplane total costs.)

Hence the question is coming,
If I lease it to someone for the private use, it's legal?
(My insurance is covering the Business Rental for Private.)

But it there something illegal, what I need to do for?

Or someone can share some experience for me?

Cheers,

From an ignorant student

[tail wheel]

Ask your insurance company or broker if you are insured for third party hull and liability cover and what their minimum experience requirements may be for hirers.

[dhavillandpilot]

Get an aviation lawyer to do up a standard rental contract in plain English to use with each renter

After all you want to rent a car from the likes of budget you have to sign one that almost pledges your first born