The Aircraft Bill of Sale AC 8050-2 form is a crucial document used to record the sale of an aircraft, ensuring that the transfer of ownership is officially recognized. This form not only protects the interests of both the buyer and the seller but also serves as a vital record for future reference. To facilitate your aircraft transaction, consider filling out the form by clicking the button below.
The Aircraft Bill of Sale AC 8050-2 form plays a crucial role in the transfer of ownership for aircraft in the United States. This essential document serves as proof of sale, detailing the specifics of the transaction between the buyer and the seller. It includes important information such as the aircraft's make, model, and serial number, ensuring that all parties have a clear understanding of what is being sold. Additionally, the form requires the signatures of both the seller and the buyer, validating the agreement and making it legally binding. The AC 8050-2 is not just a simple receipt; it is a formal declaration that the ownership of the aircraft has officially changed hands. Proper completion of this form is vital for the new owner to register the aircraft with the Federal Aviation Administration (FAA), which is a necessary step for compliance with federal regulations. Understanding the nuances of this form can help streamline the process of aircraft ownership transfer, making it easier for buyers and sellers alike to navigate the complexities of aviation transactions.
OMB Control No. 2120-0042
Exp. 03/31/2024
PRA Public Burden Statement: A federal agency may not conduct or sponsor, and a person is not required to respond to, nor shall a person be subject to a penalty for failure to comply with a collection of information subject to the requirements of the Paperwork Reduction Act unless that collection of information displays a currently valid OMB Control Number. The OMB Control Number for this information collection is 2120-0042. Public reporting for this collection of information is estimated to be approximately 30 minutes per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, completing and reviewing the collection of information. All responses to this collection of information are required to show evidence of ownership to register an aircraft or hold an aircraft in trust in accordance with 14 CFR Part 47. Send comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden to: Information Collection Clearance Officer, Federal Aviation Administration, 10101 Hillwood Parkway, Fort Worth, TX 76177-1524.
AIRCRAFT BILL OF SALE INFORMATION
PREPARATION: Prepare this form in duplicate. Except for signatures, all data should be type-
written or printed. Signatures must be in ink. The name of the purchaser must be identical to the name of the applicant shown on the Aircraft Registration Application, AC Form 8050-1.
When a trade name is shown as the purchaser or seller, the name of the individual owner or co-owners must be shown along with the trade name.
If the aircraft was not purchased from the last registered owner, conveyances must be submitted completing the chain of ownership from the last registered owner, through all intervening owners, to the applicant.
REGISTRATION AND RECORDING FEES: The fee for issuing a certificate of aircraft registration is $5.00. An additional fee of $5.00 is required when a conditional sales contract is submitted in lieu of bill of sale as evidence of ownership along with the application for aircraft registration ($5.00 for the issuance of the certificate, and $5.00 for recording the lien evidenced by the contract). The fee for recording a conveyance is $5.00 for each eligible piece of collateral listed thereon. (There is no fee for issuing a certificate of aircraft registration to a governmental unit or for recording a bill of sale that accompanies an application for aircraft registration and the proper registration fee.)
MAILING INSTRUCTIONS:
If this form is used, please mail the original or copy which has been signed in ink to FAA Aircraft Registration Branch, P.O. Box 25504, Oklahoma City, OK 73125-0504.
AC Form 8050-2 (04/21)
UNITED STATES OF AMERICA
U.S. DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION
AIRCRAFT BILL OF SALE
FOR AND IN CONSIDERATION OF $
THE
UNDERSIGNED OWNER(S) OF THE FULL LEGAL AND
BENEFICIAL TITLE OF THE AIRCRAFT DESCRIBED
AS FOLLOWS:
UNITED STATES
N
REGISTRATION NUMBER
AIRCRAFT MANUFACTURER & MODEL
AIRCRAFT SERIAL NO.
DOES THIS
DAY OF
,
HEREBY SELL, GRANT, TRANSFER AND
DELIVER ALL RIGHTS, TITLE, AND INTERESTS
IN AND TO SUCH AIRCRAFT UNTO:
Do Not Write In This Block
FOR FAA USE ONLY
NAME AND ADDRESS
(IF INDIVIDUAL(S), GIVE LAST NAME, FIRST NAME, AND MIDDLE INITIAL.)
DEALER CERTIFICATE NUMBER
AND TO
EXECUTORS, ADMINISTRATORS, AND ASSIGNS TO HAVE AND TO HOLD
SINGULARLY THE SAID AIRCRAFT FOREVER, AND WARRANTS THE TITLE THEREOF:
IN TESTIMONY WHEREOF
HAVE SET
HAND AND SEAL THIS
NAME(S) OF SELLER
SIGNATURE(S)
TITLE
(TYPED OR PRINTED)
(IN INK) (IF EXECUTED FOR
CO-OWNERSHIP, ALL MUST SIGN.)
SELLER
ACKNOWLEDGMENT (NOT REQUIRED FOR PURPOSES OF FAA RECORDING: HOWEVER, MAY BE REQUIRED BY LOCAL LAW FOR VALIDITY OF THE INSTRUMENT.)
ORIGINAL: TO FAA:
PRIVACY ACT OF 1974 (PL 93-579) requires that users of this form be informed of the authority which allows the solicitation of the information and whether disclosure of such information is mandatory or voluntary; the principal purpose for which the information is intended to be used; the routine uses which may be made of the information gathered; and the effects, if any, of not providing all or any part of the requested information.
Title 49 U.S.C. 44101 requires the registration of each United State civil aircraft as a prerequisite to its operation. The applicant for registration must submit evidence of ownership that meets the requirements prescribed in Part 47 of the Federal Aviation Regulations.
This form identifies the aircraft being purchased, and provides space for purchaser and seller identification and signature. This is intended only to be a suggested bill of sale form which meets the recording requirements of the Federal Aviation Act, and the regulations issued thereunder. In addition to these requirements, the form of bill of sale should be drafted in accordance with the pertinent provisions of local statutes and other applicable federal statutes.
The following routine uses are made of the information gathered:
(1)To support investigative efforts of investigation and law enforcement agencies of Federal, state, and foreign governments.
(2)To serve as a repository of legal documents used by individuals and title search companies to determine the ownership of an aircraft for registration purposes.
(3)To provide aircraft owners and operators information about potential mechanical defects or unsafe conditions of their aircraft in the form of airworthiness directives.
(4)To provide supporting information in court cases.
(5)To serve as a data source for management information for production of summary descriptive statistics and analytical studies in support of agency functions for which the records are collected and maintained.
(6)To respond to general requests from the aviation community or the public for statistical information under the Freedom of Information Act or to locate specific individuals or specific aircraft for accident investigation, violation, or other safety related requirements.
(7)To provide data for the automated aircraft registration master file.
(8)To provide documents for development of the aircraft registration statistical system.
(9)To prepare an aircraft register in electronic media as required by ICAO agreement containing information on aircraft owners by name, address, N-Number, and type aircraft, used for internal FAA safety program purposes and also available to the public (individuals, aviation organizations, direct mail advertisers, state and local governments, etc.) upon payment of applicable user charges reimbursing the Federal Government for its costs.
(10)The aircraft records maintained by the FAA Aircraft Registry are public records and are open for inspection in room 122 of the Registry Building, Mike Monroney Aeronautical Center, 6425 S. Denning, Oklahoma City, Oklahoma 73169. Individuals interested in such information may make a personal search of the records or may avail themselves of the services of a company or an attorney.
Once you have gathered all necessary information, you can proceed to fill out the Aircraft Bill of Sale AC 8050-2 form. This document is essential for transferring ownership of an aircraft. Ensure that all details are accurate to avoid any complications during the transfer process.
After completing the form, it is advisable to keep a copy for your records. This will serve as proof of the transaction and can be useful for future reference.
The Aircraft Bill of Sale AC 8050-2 form is a legal document used to transfer ownership of an aircraft from one party to another. This form is essential for recording the sale and ensuring that the transaction is recognized by the Federal Aviation Administration (FAA).
Both the seller and the buyer of the aircraft must use the AC 8050-2 form. The seller provides proof of ownership, while the buyer needs it to register the aircraft in their name. It is crucial for anyone involved in the sale or purchase of an aircraft.
To fill out the AC 8050-2 form, follow these steps:
Make sure to check for accuracy before submitting the form.
The completed AC 8050-2 form should be submitted to the FAA. You can send it to the FAA Aircraft Registration Branch. It is advisable to keep a copy for your records as well.
There is no fee for submitting the Aircraft Bill of Sale AC 8050-2 form itself. However, there may be fees associated with registering the aircraft or other related services with the FAA.
If the AC 8050-2 form is not submitted, the transfer of ownership may not be recognized by the FAA. This can lead to complications, such as issues with registration or proving ownership in the future.
The AC 8050-2 form is generally used for most aircraft, including airplanes and helicopters. However, it is important to ensure that the aircraft meets the FAA's criteria for registration. Always check specific requirements for your type of aircraft.
If there are multiple owners, all parties must sign the AC 8050-2 form. It is important to clearly outline the ownership structure in the document to avoid any future disputes regarding ownership rights.
Incomplete Information: Failing to provide all required details, such as the aircraft's make, model, and serial number, can lead to delays in processing.
Incorrect Signatures: All parties involved must sign the document. Missing signatures can invalidate the sale.
Improper Date Entry: Entering the wrong date or leaving the date blank may cause complications during the registration process.
Missing Notarization: Some states require notarization. Failing to have the document notarized can result in legal issues.
Wrong Purchase Price: Listing an incorrect purchase price can create problems for tax purposes and registration.
Failure to Use the Correct Form: Submitting an outdated version of the Aircraft Bill of Sale can lead to rejection of the document.
Omitting the Buyer’s Information: Not providing complete information about the buyer can lead to difficulties in ownership transfer.
Neglecting to Review the Document: Skipping a final review may result in overlooked errors that could complicate the sale.
Ignoring State-Specific Requirements: Each state may have additional requirements for aircraft sales. Ignoring these can lead to issues with registration.
The Aircraft Bill of Sale AC 8050-2 form is a crucial document in the process of buying or selling an aircraft. However, it is often accompanied by several other forms and documents that help ensure a smooth transaction. Below is a list of common documents that may be needed alongside the Aircraft Bill of Sale.
These documents play an essential role in facilitating a seamless transaction. Ensuring that all necessary forms are completed and submitted can help protect both the buyer and seller, making the aircraft transfer process much more straightforward.
The Aircraft Bill of Sale AC 8050-2 form serves a critical role in the transfer of ownership of an aircraft. Similarly, the Vehicle Bill of Sale serves as a legal document that facilitates the transfer of ownership for automobiles. Just like the AC 8050-2, this document includes essential details such as the buyer's and seller's information, a description of the vehicle, and the sale price. Both documents aim to provide proof of the transaction and protect the interests of both parties involved.
The Real Estate Deed is another document that shares similarities with the Aircraft Bill of Sale. This legal instrument conveys ownership of real property from one party to another. Like the AC 8050-2, a real estate deed requires the identification of both the grantor and grantee, along with a clear description of the property being transferred. Both documents must be signed and may require notarization to ensure their validity and to prevent disputes regarding ownership.
The Boat Bill of Sale is yet another document that parallels the Aircraft Bill of Sale. This form is used to transfer ownership of a boat, and it includes similar elements such as the buyer's and seller's names, a description of the boat, and the sale price. Both documents serve to establish a legal record of the transaction, ensuring that the new owner has clear title to the asset and that the seller is released from future claims related to the boat or aircraft.
The Motorcycle Bill of Sale is comparable to the Aircraft Bill of Sale in that it facilitates the transfer of ownership for motorcycles. This document, like the AC 8050-2, contains pertinent information including the names of the buyer and seller, a description of the motorcycle, and the agreed-upon price. Both forms serve as proof of the transaction and can be used for registration purposes, ensuring that the new owner can legally operate the motorcycle or aircraft.
The Equipment Bill of Sale is another document that shares characteristics with the Aircraft Bill of Sale. This form is used for the sale of various types of equipment, from construction machinery to office supplies. It typically includes details about the equipment being sold, the parties involved, and the sale price. Both documents aim to provide a clear record of ownership transfer, protecting both the buyer and seller in the transaction process.
Lastly, the Personal Property Bill of Sale is akin to the Aircraft Bill of Sale in that it covers the transfer of ownership for various personal items, not just vehicles or aircraft. This document outlines the specifics of the item being sold, including its condition, the sale price, and the identities of the buyer and seller. Both the Personal Property Bill of Sale and the AC 8050-2 serve as legal proof of ownership transfer, ensuring that the new owner can assert their rights over the property in question.
When filling out the Aircraft Bill of Sale AC 8050-2 form, it is crucial to follow specific guidelines to ensure the document is valid and accepted. Here’s a list of what to do and what to avoid:
The Aircraft Bill of Sale AC 8050-2 form is an essential document in the aviation industry, yet several misconceptions surround its purpose and use. Below are five common misunderstandings, clarified for better understanding.
This is not true. The AC 8050-2 form is required for both new and used aircraft transactions. It serves as proof of ownership transfer regardless of the aircraft's age.
While the AC 8050-2 form is crucial, it is only one part of the registration process. Owners must also submit additional documents to the Federal Aviation Administration (FAA) to complete the registration.
Although it may seem straightforward, filling out the form requires attention to detail. Incorrect information can lead to delays or issues with ownership verification.
In many cases, notarization is required to validate the signatures on the form. This step ensures that the transaction is legitimate and protects all parties involved.
While it is primarily used in the U.S., other countries may have similar forms or requirements. Understanding international regulations is important for those involved in global aircraft transactions.
When dealing with the Aircraft Bill of Sale AC 8050-2 form, it is essential to keep several key points in mind. This form serves as a critical document in the transfer of ownership for an aircraft.
Understanding these points will help streamline the process of buying or selling an aircraft.