Build9A
Well Known Member
I have a very close friend who is selling his airplane and wants to build an RV10. He has a proposal from a potential buyer for a "Dry Lease". As I understand it the buyer/lessee puts up a deposit, pays a monthly rent, takes control of the aircraft, including insurance and maintenance and exercises his right to purchase at the end of 12 months or renews the lease or returns the aircraft. Lease payments go towards purchase price.
I'm not that familiar with this type of transaction. Does anyone know the good, bad or ugly side of such a transaction?
I'm hoping to help with the RV10 if and when he sells his current airplane.
thanks
I'm not that familiar with this type of transaction. Does anyone know the good, bad or ugly side of such a transaction?
I'm hoping to help with the RV10 if and when he sells his current airplane.
thanks