If he's trustworthy enough to do it on a handshake, do it. Forget all the legal-beagle paperwork- that in itself could ruin the friendship- and if he screws you, your only remedy is a lawsuit, and the equipment isn't worth enough to pay legal fees to sue over. As far as liability, too many jailhouse lawyers on here. For you to be liable, you would also have to be negligent, and I don't see much danger of that in just letting him use the tractor, so long as its in good condition to the best of your knowledge, and you show the guy how to use it.
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Today's Featured Article - Old Time Threshing - by Anthony West. A lovely harvest evening late September 1947, I was a school boy, like all school boys I loved harvest time. The golden corn ripens well and early, the stoking, stacking,.... the drawing in with the tractors and trailers and a few buck rakes thrown in, and possibly a heavy horse. It would be a great day for the collies and the terrier dogs, rats and mice would be at the bottom of the stacks so the dogs, would have a busy time hunting and killing, all the corn was gathered and ricked in what we c
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