What are the laws and regulations regarding aircraft leasing?

The laws and regulations regarding aircraft leasing in Utah are governed by Title 63G of the Utah Code. This sets out the rules for private, corporate, and commercial aircraft leasing. Under the Utah Code, all aircraft leases must be in writing and must provide the lessee the exclusive right to use the aircraft for a specific period of time and purpose. The leasing agreement should also include the obligations of the parties involved, as well as provisions for the ownership, possession, and control of the aircraft and/or any related parts and accessories. In addition, all aircraft lease agreements must include specific insurance requirements. These insurance requirements must be sufficient to protect the lessee from losses resulting from any liability or damage caused by the leased aircraft. The insurance should cover any third-party claims that may arise from the use of the leased aircraft. The minimum insurance levels are set out in the Utah Code. Finally, the lessor must comply with all local, state, and federal regulations regarding the operation and ownership of aircraft in Utah. This includes FAA regulations and any other applicable laws. Overall, aircraft leasing in Utah is subject to a number of legal requirements and regulations that must be adhered to in order to ensure a safe and lawful transaction. It is important to carefully review the terms of any aircraft lease agreement before signing and to make sure that all necessary insurance provisions are included.

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What are the laws and regulations regarding aircraft leasing?

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