Colombian Trade Code - Decree 410 of 1971 - Book Five - Navigation - Part One - From the Navigation Aquatics - Title XIII - Marine Insurance - Part II - Aeronautics - Chapter XIII - Use of Aircraft Contracts - Section I - Lease or Location - From : 1890 In Art: Art 1892
CHAPTER XIII
Contracts for the use of aircraft
Section I
Lease or lease
Section 1890 .- A lease or rental of aircraft may be conducted with or without crew, but any case the
direction of it is left to the tenant.
The tenant will have the quality of operator and as such, the rights and obligations thereof, when such quality will be recognized by the FAA.
Section 1891 .- Unless express consent of the lessor, the contract is not considered extended if, at maturity, the lessee continues in possession of the aircraft.
But if the contract ends when the aircraft is traveling, it shall be extended until the termination.
If the tenant continues in fact to the possession of the aircraft shall be regarded as an operator for all legal purposes. Done during the tenure of the tenant must pay the landlord the amount stipulated in the contract, increased by 50% and compensate for damages to the landlord, will be also required to keep the thing properly, without thereby end its obligation to return .
If such excess is greater than one third of the time scheduled for the duration of the contract, the lessee shall indemnify, in addition, all losses.
Section 1892 .- The landlord is in default to deliver, restore the rents received, in addition, the tenant pays a monthly sum equivalent to 50% of the lease provisions and compensation for damage.
direction of it is left to the tenant.
The tenant will have the quality of operator and as such, the rights and obligations thereof, when such quality will be recognized by the FAA.
Section 1891 .- Unless express consent of the lessor, the contract is not considered extended if, at maturity, the lessee continues in possession of the aircraft.
But if the contract ends when the aircraft is traveling, it shall be extended until the termination.
If the tenant continues in fact to the possession of the aircraft shall be regarded as an operator for all legal purposes. Done during the tenure of the tenant must pay the landlord the amount stipulated in the contract, increased by 50% and compensate for damages to the landlord, will be also required to keep the thing properly, without thereby end its obligation to return .
If such excess is greater than one third of the time scheduled for the duration of the contract, the lessee shall indemnify, in addition, all losses.
Section 1892 .- The landlord is in default to deliver, restore the rents received, in addition, the tenant pays a monthly sum equivalent to 50% of the lease provisions and compensation for damage.
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