Use And Ownership Of Aircraft Vehicles
The legality of the sale or conveyance of an aircraft is regulated by the statute of the jurisdiction where the document of conveyance or sale is transferred.
Federal law mandates the registration of aircraft and the proper recording of any paper that affects its title, such as a mortgage. Such recording must take place at the administration and records branch of the FAA. In addition, documents creating security interests in the aircraft must be recorded to provide notice to prospective purchasers of prior claims to the vehicle.
General principles of contract law govern aircraft rental and parties to the agreement are ordinarily bound by its terms. The renter of a defective vehicle might, however, has the right to terminate the contract since the individual offering the aircraft for rent is obligated to provide a vehicle in satisfactory operating condition.
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