Table of Contents
The Aircraft Bill of Sale AC 8050-2 form serves as an essential document in the process of buying or selling an aircraft in the United States. This form provides a clear record of the transaction between the seller and the buyer, ensuring that both parties have a mutual understanding of the terms involved. It includes important details such as the identification of the aircraft, including its make, model, and serial number, which helps to verify ownership and prevent disputes. Additionally, the form captures the names and addresses of both the buyer and seller, making it easier to establish legal ownership. The Aircraft Bill of Sale must be signed by the seller, and it may also require notarization to enhance its validity. Once completed, this form is often submitted to the Federal Aviation Administration (FAA) as part of the registration process, helping to maintain accurate records of aircraft ownership in the national registry. Understanding the significance and proper use of the AC 8050-2 form is crucial for anyone involved in aircraft transactions, as it lays the foundation for a smooth transfer of ownership.
Common mistakes
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Incorrect aircraft details: Failing to provide accurate information about the aircraft, such as the make, model, and serial number, can lead to complications in the transfer of ownership.
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Missing signatures: Both the seller and buyer must sign the form. Omitting one or both signatures can invalidate the document.
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Improper date: Not dating the form correctly can create confusion regarding when the sale took place, which is important for legal and tax purposes.
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Failure to include the purchase price: Leaving out the purchase price can lead to disputes later on. This information is essential for both parties.
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Not providing a clear title: The seller must ensure that they have the legal right to sell the aircraft. Failing to provide proof of ownership can complicate the sale.
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Using incorrect form versions: Using an outdated version of the Aircraft Bill of Sale can result in rejection by the FAA. Always check for the latest form.
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Neglecting to keep copies: Not retaining a copy of the completed form for personal records can lead to issues if questions arise in the future.
Example - Aircraft Bill of Sale AC 8050-2 Form
OMB Control No.
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
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
When a trade name is shown as the purchaser or seller, the name of the individual owner or
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
AC Form
UNITED STATES OF AMERICA |
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OMB Control No. |
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U.S. DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION |
Exp. 03/31/2024 |
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AIRCRAFT BILL OF SALE |
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FOR AND IN CONSIDERATION OF $ |
THE |
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UNDERSIGNED OWNER(S) OF THE FULL LEGAL AND |
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BENEFICIAL TITLE OF THE AIRCRAFT DESCRIBED |
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AS FOLLOWS: |
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UNITED STATES |
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REGISTRATION NUMBER |
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AIRCRAFT MANUFACTURER & MODEL |
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AIRCRAFT SERIAL NO. |
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DOES THIS |
DAY OF |
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HEREBY SELL, GRANT, TRANSFER AND |
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DELIVER ALL RIGHTS, TITLE, AND INTERESTS |
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IN AND TO SUCH AIRCRAFT UNTO: |
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Do Not Write In This Block |
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FOR FAA USE ONLY |
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NAME AND ADDRESS |
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(IF INDIVIDUAL(S), GIVE LAST NAME, FIRST NAME, AND MIDDLE INITIAL.) |
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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 |
DAY OF |
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NAME(S) OF SELLER |
SIGNATURE(S) |
TITLE |
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(TYPED OR PRINTED) |
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(IN INK) (IF EXECUTED FOR |
(TYPED OR PRINTED) |
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SELLER |
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ACKNOWLEDGMENT (NOT REQUIRED FOR PURPOSES OF FAA RECORDING: HOWEVER, MAY BE REQUIRED BY LOCAL LAW FOR VALIDITY OF THE INSTRUMENT.)
ORIGINAL: TO FAA:
AC Form
OMB Control No.
Exp. 03/31/2024
PRIVACY ACT OF 1974 (PL
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,
(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.
AC Form
More About Aircraft Bill of Sale AC 8050-2
What is the Aircraft Bill of Sale AC 8050-2 form?
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 serves as proof of the sale and includes important details such as the aircraft's make, model, and serial number, as well as the names and addresses of both the seller and the buyer. Completing this form is essential for registering the aircraft with the Federal Aviation Administration (FAA).
Who needs to complete the Aircraft Bill of Sale AC 8050-2 form?
Both the seller and the buyer of the aircraft need to complete the Aircraft Bill of Sale AC 8050-2 form. The seller must provide accurate information about the aircraft and confirm their authority to sell it. The buyer needs to ensure that all details are correct and that they understand the terms of the sale. Completing this form is crucial for establishing legal ownership and for any future transactions involving the aircraft.
How do I fill out the Aircraft Bill of Sale AC 8050-2 form?
To fill out the Aircraft Bill of Sale AC 8050-2 form, start by entering the date of the sale. Next, provide the seller's information, including their name and address. Then, enter the buyer's information in the same manner. You will need to include specific details about the aircraft, such as the make, model, and serial number. Finally, both parties must sign and date the form to validate the transaction. Ensure all information is accurate to avoid any issues during the registration process.
Where do I submit the Aircraft Bill of Sale AC 8050-2 form?
After completing the Aircraft Bill of Sale AC 8050-2 form, you should submit it to the Federal Aviation Administration (FAA) as part of the aircraft registration process. You can send the form via mail or, in some cases, submit it electronically, depending on the FAA's current guidelines. Keep a copy of the completed form for your records, as it serves as proof of the transaction and may be needed for future reference.
Key takeaways
When dealing with the Aircraft Bill of Sale AC 8050-2 form, it's important to keep several key points in mind. This form is crucial for the transfer of ownership of an aircraft. Here are some essential takeaways:
- Accurate Information: Ensure that all details, including the aircraft's make, model, and serial number, are filled out correctly.
- Signatures Required: Both the seller and buyer must sign the form. This confirms the agreement and transfer of ownership.
- Notarization: While notarization is not mandatory, it can add an extra layer of authenticity to the transaction.
- Keep Copies: Make copies of the completed form for both the buyer and seller. This helps in maintaining clear records.
- Filing with FAA: Submit the form to the Federal Aviation Administration (FAA) to officially record the ownership change.
- Payment Considerations: Clearly state the sale price on the form, as this can affect taxes and future transactions.
- Condition Disclosure: Sellers should disclose any known issues with the aircraft to avoid disputes later.
- Consult Experts: If unsure about any part of the process, consider seeking advice from aviation professionals or legal experts.
- Use Official Forms: Always use the official AC 8050-2 form to ensure compliance with FAA regulations.
By following these guidelines, you can help ensure a smooth and effective transaction when buying or selling an aircraft.
Form Attributes
| Fact Name | Description |
|---|---|
| Purpose | The Aircraft Bill of Sale AC 8050-2 form is used to document the sale of an aircraft. |
| Required Information | The form requires details such as the seller's and buyer's names, aircraft description, and sale price. |
| Signature Requirement | Both the seller and buyer must sign the form to validate the transaction. |
| Submission | The completed form can be submitted to the FAA for registration of the aircraft. |
| Governing Law | Federal law governs the use of this form, specifically under Title 49 of the United States Code. |
| State-Specific Forms | Some states may have additional requirements or forms for aircraft transactions, but AC 8050-2 is federally recognized. |
| Record Keeping | It is advisable for both parties to keep a copy of the completed form for their records. |
| Processing Time | After submission, the FAA typically processes the form within a few weeks, but delays can occur. |
Other PDF Forms
Dl Online - Certification statements on the form ensure compliance with state laws.
To ensure a smooth transaction, it's advisable to obtain the Georgia Trailer Bill of Sale form, which can be easily accessed through resources like OnlineLawDocs.com. This form helps to clarify the details of the sale, providing essential documentation that protects the interests of both the buyer and seller.
What Is Immunization Records - This record is a valuable tool for both parents and guardians.
Dos and Don'ts
When filling out the Aircraft Bill of Sale AC 8050-2 form, attention to detail is crucial. This document serves as a legal record of the transfer of ownership for an aircraft. Here’s a helpful list of dos and don’ts to ensure the process goes smoothly.
- Do double-check all information for accuracy before submission.
- Do ensure both the buyer and seller sign the document.
- Do include the correct aircraft registration number.
- Do provide a detailed description of the aircraft, including make, model, and year.
- Do keep a copy of the completed form for your records.
- Don't leave any sections blank; fill in all required fields.
- Don't use white-out or erasers; corrections should be made clearly.
- Don't forget to date the form; it’s essential for record-keeping.
- Don't sign the document before all details are finalized.
- Don't ignore the instructions provided with the form; they are there for a reason.
By following these guidelines, you can help ensure that your Aircraft Bill of Sale AC 8050-2 form is completed correctly, facilitating a smooth transfer of ownership.