Lease trailer to friend with his own authority

If you have tags they’re good no matter who pulls it.
Give a copy of registration/annual inspection hardcopy
You can write a lease for X amount of money per day/month/week.
You can keep insurance and charge back, or let them insure it, but if they insure it, make sure they put you’re company name and address as Loss Payee for stated value.
Incase destroyed, you’ll get the money from insurance minus deductible.

 

Also make sure you have it insured for the correct amount
Everything is up $$$$
You don’t want to be under insured

 

All depends on how much he uses it, if he doesn't pull it much a mo. Payment will make sense, but if he's putting a lot of miles on it and going through brakes and tires every year a percentage of gross they make may be a better payment for you?

 

I’d say something like 800-1000 month, they take care of upkeep.
Put it in writing in the lease agreement.