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The Aircraft Bill of Sale AC 8050-2 form plays a crucial role in the world of aircraft ownership and transactions. When individuals or entities buy or sell an aircraft, this document serves as a primary record of the transaction, establishing clear ownership rights. It captures essential details, including the identification of the aircraft, such as its make, model, and serial number, ensuring that both parties are on the same page about the specific asset being transferred. Furthermore, the form requires accurate information about the buyer and seller, which not only aids in the registration process but also provides a legal safeguard against future disputes. Importantly, the Aircraft Bill of Sale must be properly executed and signed to be considered valid, emphasizing the importance of a meticulous approach when completing it. By understanding the significance and requirements of the AC 8050-2, stakeholders can ensure a smoother transaction process, facilitating the transfer of aircraft ownership with confidence and clarity.
Aircraft Bill of Sale AC 8050-2 Example
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
File Breakdown
| Fact Name | Description |
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| Purpose | The Aircraft Bill of Sale AC 8050-2 form is used to transfer ownership of an aircraft from one party to another. |
| Applicable Aircraft | This form applies to all types of aircraft, including airplanes, helicopters, and gliders. |
| Governing Body | The Federal Aviation Administration (FAA) regulates the use and submission of this form. |
| State-Specific Forms | Some states may have additional requirements; always check local laws before using this form. |
| Signatures Required | Both the seller and buyer must sign the form to validate the transfer of ownership. |
| Notarization | Though not mandatory, having the form notarized can enhance its legal standing. |
| Filing Deadline | There is no deadline for filing the form, but it should be completed promptly to establish ownership. |
| Associated Fees | No fee is required to submit the form to the FAA, but there may be state fees involved. |
| Availability | The form is available for download on the FAA website and can also be obtained through aviation associations. |
Guide to Using Aircraft Bill of Sale AC 8050-2
Once you have gathered the necessary information and documents, you're ready to complete the Aircraft Bill of Sale AC 8050-2 form. This form is essential for transferring ownership of an aircraft. By taking your time and paying attention to detail, you can ensure that all pertinent information is properly recorded.
- Obtain the Aircraft Bill of Sale AC 8050-2 form from the Federal Aviation Administration (FAA) website or a trustworthy source.
- Verify that you have a complete understanding of the aircraft details required on the form, including the manufacturer, model, and serial number.
- Begin filling in the seller's information. Provide the seller's full name, address, and contact details in the designated fields.
- Next, enter the buyer's information. Ensure that the buyer’s full name, address, and contact details are clearly provided.
- In the appropriate section, specify the purchase date. Use a standard format for the date to avoid any confusion.
- Detail the amount paid for the aircraft. Include the total sale price in the designated blank space.
- Sign and date the form. The seller must sign, and the date of signing should be included.
- If applicable, have the buyer sign as well. Not all transactions require the buyer's signature, but it can be beneficial for both parties.
- Once complete, keep a copy for your records. The buyer should also retain a copy for future reference.
With the form filled out correctly, you're now prepared to move forward with the ownership transfer. Remember to keep copies of all documents related to the transaction for your records. This helps ensure a smooth transition and protects your interests as a seller or buyer.
Get Answers on 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 is an official document used to transfer ownership of an aircraft in the United States. This form serves as proof of the sale and provides details about the aircraft and the parties involved in the transaction. Completion of this form is essential for registering the aircraft with the Federal Aviation Administration (FAA) and establishing legal ownership.
Who needs to complete the AC 8050-2 form?
Both the seller and buyer of the aircraft must complete the AC 8050-2 form. The seller provides the necessary details regarding the sale, including information about the aircraft and their signature. The buyer must also sign the document, confirming their acceptance of the sale. If there are multiple buyers or sellers, each must sign and include their respective details.
What information is required on the AC 8050-2 form?
The AC 8050-2 form requires the following information:
- The names and addresses of both the seller and buyer
- The aircraft's manufacturer, model, and serial number
- The registration number (if applicable)
- The date of the sale
- The total purchase price of the aircraft
- Signatures of both parties
Accurate information is crucial, as it affects the registration and paperwork following the sale.
Is there a fee associated with submitting the AC 8050-2 form?
No, there is no fee for submitting the Aircraft Bill of Sale AC 8050-2 form itself. However, additional fees may be applicable when registering the aircraft with the FAA or when filing other related documents. It is advisable to check the FAA's current fee schedule for the most up-to-date information.
Where do I submit the AC 8050-2 form after completion?
Once the AC 8050-2 form is completed and signed by both parties, it should be submitted to the FAA for processing. The form can be sent to the FAA's Aircraft Registration Branch, either by mail or online through the FAA's registration system. Always retain a copy of the form for personal records, as this serves as proof of ownership transfer.
Common mistakes
Filling out the Aircraft Bill of Sale AC 8050-2 form can be straightforward, but several common mistakes often lead to delays or issues. One frequent error occurs when individuals forget to include all necessary signatures. Both the seller and the buyer must interactively confirm the details through their signatures. Missing one can invalidate the document and cause complications during registration.
Another common mistake is providing incorrect aircraft information. This includes aspects such as the aircraft's make, model, and serial number. It's crucial to double-check these details for accuracy, as any discrepancies can raise questions during the registration process. Incorrect or incomplete information will only prolong the transfer process.
Many people also overlook the importance of the date of sale. Failing to clearly specify this date can lead to confusion regarding the timeline of ownership. The date is essential for establishing when ownership rights transfer between the buyer and seller, and any ambiguity can create legal challenges later.
Additionally, buyers and sellers sometimes neglect to include the purchase price. This figure is vital for the record-keeping system used by the FAA. Without the purchase price, the form may be deemed incomplete, and the transaction could face delays. Always ensure that the purchase price is stated clearly and correctly.
Another mistake is using improper or illegible handwriting. The FAA needs to process these forms effectively, and clarity is key. If handwriting is difficult to read or forms are filled out with inconsistent ink colors, the risk of misunderstanding increases, which could result in a rejection of the document.
Lastly, many individuals fail to retain a copy of the completed Aircraft Bill of Sale. Keeping a copy is essential for both parties to have a reference point in case of future disputes. Documentation is the backbone of clarity in ownership, and having a record of the bill can be invaluable.
Documents used along the form
The Aircraft Bill of Sale AC 8050-2 form serves as a critical document in the process of transferring ownership of an aircraft. However, various other forms and documents are commonly used alongside it to ensure a smooth transaction and compliance with legal requirements. Below is a list of some essential documents.
- FAA Form 8050-1: This is the application for aircraft registration. It is necessary for the new owner to obtain a Certificate of Registration from the Federal Aviation Administration (FAA).
- FAA Form 8050-88: This document reports any exemption from the registration requirements. It may be necessary in specific situations where the aircraft qualifies for an exemption.
- Aircraft Registration Certificate: After submitting Form 8050-1, the new owner receives this certificate. It proves that the aircraft is legally registered in their name.
- Bill of Sale for Equipment: In some cases, additional equipment may be included in the aircraft sale. This document details any other items sold with the aircraft and specifies their condition and value.
- Lease Agreements: If the aircraft is being financed, lease agreements may be involved. These outline the terms of the lease, repayment schedules, and responsibilities of both parties.
- Maintenance Records: Buyers often request these records to assess the aircraft's condition and maintenance history. Comprehensive records can significantly influence the sale price and buyer's confidence.
These documents play vital roles in ensuring that the sale process adheres to federal regulations and protects the interests of both the buyer and seller. Proper documentation is essential for a legally binding transfer of ownership and future dealings with the aircraft.
Similar forms
The Aircraft Bill of Sale AC 8050-2 form is a specific document used primarily for transferring ownership of an aircraft. To help better understand its significance and functionality, it can be associated with several other important documents that serve similar purposes in different contexts. Here are seven documents that share similarities with the Aircraft Bill of Sale AC 8050-2 form:
- Vehicle Bill of Sale: This document records the transfer of ownership of a motor vehicle. Like the AC 8050-2, it provides essential details about the buyer, seller, and the vehicle itself, ensuring a legal transfer of ownership.
- Boat Bill of Sale: Similar to the Aircraft Bill of Sale, this form serves to document the sale and transfer of ownership of a boat. Both documents include descriptions of the respective vehicles and must be signed by both parties involved in the transaction.
- Real Estate Purchase Agreement: This agreement outlines the terms of a property transfer. Like the Aircraft Bill of Sale, it formalizes the exchange, detailing the responsibilities of the buyer and seller as well as the property description.
- Property Deed: A property deed serves to legally confirm the transfer of real estate from one party to another. This document, like the Aircraft Bill of Sale AC 8050-2 form, requires signatures from both the seller and buyer to be valid.
- Business Sale Agreement: This document facilitates the sale of a business, detailing what assets are being sold and under what terms. Similar to the Aircraft Bill of Sale, it protects both parties by clearly defining their rights and responsibilities.
- Equipment Bill of Sale: Used to document the sale of equipment, this form functions similarly to the Aircraft Bill of Sale by providing necessary details like the condition of the equipment and the identities of the buyer and seller.
- Intellectual Property Assignment Agreement: While different in nature, this document also formalizes a transfer—specifically of intellectual property rights. Like the Aircraft Bill of Sale, it requires signatures and clarity around the rights being transferred.
Understanding these documents helps clarify how ownership is transferred across various contexts, ensuring that all parties involved are protected and informed throughout the process.
Dos and Don'ts
When completing the Aircraft Bill of Sale AC 8050-2 form, it's essential to be thorough and accurate. Here are some do's and don'ts to guide you through the process.
- Do double-check the aircraft's serial number before submitting the form.
- Do ensure the names of both the buyer and seller are spelled correctly.
- Do include the date of sale; this helps in record-keeping.
- Do sign and date the form in the appropriate sections.
- Do keep a copy of the completed form for your records.
- Don't leave any blank spaces on the form. Every field should be filled out.
- Don't use correction fluid or make changes that could make information unclear.
- Don't forget to check if any special state requirements exist.
- Don't rush through the process; accuracy is key.
- Don't ignore the importance of having a witness if required in your state.
Following these guidelines will help ensure a smooth transaction and avoid any potential headaches down the road. Thoroughness pays off!
Misconceptions
Understanding the Aircraft Bill of Sale AC 8050-2 form is essential for anyone involved in buying or selling aircraft. However, several misconceptions often lead to confusion. Here are nine common misunderstandings about this important document.
- The form is optional. Many people think that the AC 8050-2 form is not necessary for the sale of an aircraft. In reality, this bill of sale is critical for evidencing the transfer of ownership under FAA regulations.
- The AC 8050-2 can be filled out incorrectly without consequence. Some believe minor errors in the form have no impact. While it may seem trivial, incorrect or missing information can complicate the transfer of ownership and might lead to legal disputes.
- Only the seller needs to sign the form. A common belief is that only the seller’s signature is necessary. In truth, both the seller and buyer must sign the document for it to be valid.
- You do not need a notary. Some individuals think that the AC 8050-2 does not require notarization. However, notarization is advised, as it adds an extra layer of verification and is often required for certain transactions.
- Any type of sale qualifies for the AC 8050-2 form. People may misunderstand that the form is only for private sales. It is actually suitable for any sale of an aircraft, regardless of whether it is a private individual or a commercial entity.
- The AC 8050-2 is the same as a sales contract. Some mistakenly think that the bill of sale and the sales contract are interchangeable. While they can be related, the bill of sale specifically documents the ownership transfer, while the sales contract outlines terms and conditions of the sale.
- Once the form is filed, the transaction is complete. Many believe that submitting the form to the FAA finalizes the sale. In reality, it is vital to keep copies for personal records and ensure that any other required actions, such as payment or insurance updates, are completed.
- The form does not need to be filed immediately. Some individuals think they can delay filing the AC 8050-2. Timely filing is critical, as early documentation provides legal protection and clarifies ownership status.
- All aircraft can use the same form. There is a misconception that the AC 8050-2 can serve for all types of aircraft. While it is widely applicable, certain special circumstances or regulations may require additional or different documentation.
Being informed about these misconceptions can ensure a smoother experience when transferring ownership of an aircraft. Clear understanding of the AC 8050-2 form's significance and requirements will enhance compliance and protect all parties involved.
Key takeaways
When it comes to aircraft transactions, the Aircraft Bill of Sale AC 8050-2 form is a crucial document. Here are some key takeaways to keep in mind:
- Proper Completion is Essential: Ensure all sections of the form are filled out accurately. Mistakes can lead to delays or even complications in the ownership transfer process.
- Signatures Matter: Make sure that all necessary parties sign the bill of sale. This solidifies the legal transfer of ownership and protects both the buyer and seller.
- Keep Copies Safe: After filling out and signing the form, retain copies for your records. This can help resolve any future disputes or questions about ownership.
- Submit for Registration: Remember to file the completed form with the Federal Aviation Administration (FAA) to officially record the change in ownership and update the aircraft's registration records.
By following these guidelines, you can streamline the process of transferring aircraft ownership and ensure everything is in order for a smooth transaction.