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An aircraft lease agreement is a contract between the aircraft owner and the lessee. For leases of large (over 12,500 pounds) or turbine powered aircraft, Part 91 requires a written lease agreement., being the responsibility of one company. Regulations. Renter must complete an Aircraft Renter Data form. A lease agreement typically also includes at least the following conditions precedent: â—‹ No total loss of aircraft. Insurance Information. YES. NO. Have you ever had your FAA or DOT certificate suspended or revoked? Federal Aviation Regulations 91.
