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This Agreement outlines the terms and conditions under which the Lessee may utilize the Aircraft owned or operated by Lessor for personal usage incidental to business travel on a time sharing basis.
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How to fill out aircraft time sharing agreement

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How to fill out aircraft time sharing agreement

01
Title the document as 'Aircraft Time Sharing Agreement'.
02
Include the date of the agreement at the top.
03
State the names and addresses of the parties involved.
04
Define the aircraft details, including make, model, and registration number.
05
Specify the shared use terms, including the duration of the agreement.
06
Outline the responsibilities of each party regarding the operation and maintenance of the aircraft.
07
Include the method of compensation between the parties, detailing hourly rates, fuel costs, and any other expenses.
08
Establish guidelines for scheduling the aircraft usage.
09
Add clauses for liability and insurance coverage.
10
Review the agreement for completeness and accuracy, then have both parties sign and date the document.

Who needs aircraft time sharing agreement?

01
Individuals or businesses that wish to share the costs and responsibilities of owning and operating an aircraft.
02
Companies that utilize aircraft for business purposes but do not require full-time ownership.
03
People who want flexibility in aircraft usage without the commitment of owning one.

What is Aircraft Time Sharing Agreement Form?

The Aircraft Time Sharing Agreement is a fillable form in MS Word extension that should be submitted to the relevant address to provide specific information. It needs to be filled-out and signed, which is possible in hard copy, or by using a particular solution e. g. PDFfiller. This tool allows to complete any PDF or Word document directly in your browser, customize it depending on your needs and put a legally-binding e-signature. Right after completion, you can easily send the Aircraft Time Sharing Agreement to the relevant individual, or multiple ones via email or fax. The editable template is printable too from PDFfiller feature and options proposed for printing out adjustment. Both in digital and in hard copy, your form will have got neat and professional look. It's also possible to save it as the template for later, so you don't need to create a new document from scratch. All you need to do is to customize the ready document.

Template Aircraft Time Sharing Agreement instructions

Prior to begin submitting the Aircraft Time Sharing Agreement ms word form, it is important to make clear that all the required details are well prepared. This one is highly important, as long as errors and simple typos may cause unpleasant consequences. It is always unpleasant and time-consuming to resubmit forcedly the entire editable template, letting alone the penalties caused by missed due dates. Work with figures requires more focus. At first glance, there’s nothing challenging in this task. Yet, it's easy to make a typo. Professionals suggest to store all required info and get it separately in a different file. When you've got a writable template, it will be easy to export that data from the file. Anyway, all efforts should be made to provide actual and legit information. Check the information in your Aircraft Time Sharing Agreement form twice while filling all necessary fields. You are free to use the editing tool in order to correct all mistakes if there remains any.

How to fill Aircraft Time Sharing Agreement word template

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An aircraft time sharing agreement is a legal contract that allows one party to share the use of an aircraft with another, typically involving a payment structure for the time the aircraft is used.
The owner of the aircraft is required to file the aircraft time sharing agreement, ensuring compliance with Federal Aviation Administration (FAA) regulations.
To fill out an aircraft time sharing agreement, include details such as the names of the parties involved, aircraft information, duration of the agreement, payment terms, and any specific conditions or limitations on the use of the aircraft.
The purpose of an aircraft time sharing agreement is to provide a formal framework for sharing an aircraft between parties, allowing for the legal and financial aspects of usage to be clearly defined and agreed upon.
The information that must be reported on an aircraft time sharing agreement includes the aircraft's registration number, the names and addresses of the parties, the terms of use, payment details, and any applicable conditions related to the aircraft's operation.
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