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Fill Your Aircraft Bill of Sale AC 8050-2 Form

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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 document serves as the official record that confirms the sale and outlines essential details about the transaction. It includes information such as the buyer and seller's names, the aircraft's make, model, and serial number, and the sale price. The form must be properly completed and signed to ensure its validity. Additionally, it is important to note that the AC 8050-2 must be submitted to the Federal Aviation Administration (FAA) to update the aircraft's registration records. This process not only protects the interests of both parties involved but also ensures compliance with federal regulations. Understanding the significance of this form is vital for anyone engaged in buying or selling aircraft, as it lays the foundation for legal ownership and facilitates a smooth transition of assets.

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Common Questions

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. It serves as proof of the transaction and is required by the Federal Aviation Administration (FAA) for registering the aircraft under the new owner's name. This form is essential for maintaining accurate records of aircraft ownership in the U.S.

Who needs to complete the AC 8050-2 form?

Both the seller and the buyer must complete the AC 8050-2 form. The seller must provide accurate information about the aircraft and confirm the sale. The buyer needs to ensure that the details are correct and sign the form to acknowledge the transfer of ownership. It is important for both parties to understand their responsibilities in this process.

What information is required on the AC 8050-2 form?

The form requires specific information, including the aircraft's make, model, and serial number. Additionally, the names and addresses of both the seller and buyer must be included. The date of the sale and the purchase price should also be noted. This information is crucial for the FAA to process the registration accurately.

Is the AC 8050-2 form required for all aircraft sales?

Yes, the AC 8050-2 form is required for all sales of aircraft that are registered with the FAA. This includes both new and used aircraft. Without this form, the FAA will not recognize the change in ownership, which can lead to issues with registration and potential legal complications.

How do I submit the AC 8050-2 form after completing it?

After completing the AC 8050-2 form, you should submit it to the FAA along with any required fees. The form can be mailed to the FAA Aircraft Registration Branch. Ensure that you keep a copy for your records. Submitting the form promptly helps to avoid delays in the registration process.

Can the AC 8050-2 form be used for partial ownership transfers?

The AC 8050-2 form is typically used for complete ownership transfers. However, if you are transferring partial ownership, you may need to consult with the FAA or legal counsel to determine the appropriate documentation. Partial ownership transfers may require additional forms or agreements to be properly recorded.

What happens if the AC 8050-2 form is not completed correctly?

If the AC 8050-2 form is not completed correctly, it may lead to delays in the registration process or complications in proving ownership. The FAA may reject the form if it contains errors or missing information. It is important to double-check all details before submission to ensure a smooth transfer of ownership.

Preview - Aircraft Bill of Sale AC 8050-2 Form

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

 

OMB Control No. 2120-0042

U.S. DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION

Exp. 03/31/2024

 

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

DAY OF

 

NAME(S) OF SELLER

SIGNATURE(S)

TITLE

 

(TYPED OR PRINTED)

 

(IN INK) (IF EXECUTED FOR

(TYPED OR PRINTED)

 

 

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:

AC Form 8050-2 (04/21)

OMB Control No. 2120-0042

Exp. 03/31/2024

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.

AC Form 8050-2 (04/21)

Similar forms

  • Vessel Bill of Sale: Similar to the Aircraft Bill of Sale, this document transfers ownership of a vessel. It includes details like the seller, buyer, and vessel description.
  • Automobile Bill of Sale: This form is used for the sale of a vehicle. It captures the buyer's and seller's information along with vehicle specifics, ensuring a clear transfer of ownership.
  • Real Estate Purchase Agreement: This document outlines the terms of a property sale. It details the parties involved, property description, and sale conditions, similar to how the Aircraft Bill of Sale outlines the aircraft details.
  • Motorcycle Bill of Sale: Like the Aircraft Bill of Sale, this form documents the sale of a motorcycle, including seller and buyer information and motorcycle specifications.
  • Mobile Home Bill of Sale: This document serves to transfer ownership of a mobile home. It includes necessary details about the home and the parties involved, paralleling the aircraft ownership transfer.
  • Business Asset Bill of Sale: This form is used when selling business assets. It specifies the assets being sold and the terms of sale, similar to how the Aircraft Bill of Sale outlines aircraft ownership.
  • General Bill of Sale: This vital document establishes a sale agreement between two parties regarding personal property. For more information and to access a template, visit legalpdf.org/.
  • Farm Equipment Bill of Sale: This document transfers ownership of farm equipment. It includes details about the equipment and the transaction, akin to the Aircraft Bill of Sale.
  • Intellectual Property Assignment Agreement: This form transfers ownership of intellectual property rights. It outlines the rights being transferred, much like the Aircraft Bill of Sale specifies the aircraft being sold.
  • Boat Registration Application: While not a sale document, this application is necessary after a boat sale to register ownership, similar to how the Aircraft Bill of Sale is used for aircraft registration.

Misconceptions

Understanding the Aircraft Bill of Sale AC 8050-2 form is crucial for anyone involved in the buying or selling of an aircraft. However, several misconceptions often arise. Here are nine common misunderstandings:

  1. It is only needed for new aircraft. Many believe the form is only necessary for new aircraft sales. In reality, it is required for both new and used aircraft transactions.
  2. It is optional. Some people think the Aircraft Bill of Sale is optional. However, it is a legal requirement for transferring ownership of an aircraft.
  3. Any bill of sale can be used. There is a misconception that any generic bill of sale will suffice. The FAA specifically requires the AC 8050-2 form for proper documentation.
  4. It does not need to be notarized. Many assume that notarization is unnecessary. In fact, the form must be signed by both the seller and buyer, and notarization is recommended for added validity.
  5. It is only for private sales. Some think the form is only applicable to private transactions. The AC 8050-2 is also used in commercial sales and transfers.
  6. It can be filed at any time. There is a belief that the form can be submitted whenever. However, it should be filed promptly after the sale to ensure proper registration.
  7. It covers all aspects of the sale. Some believe that the form includes all details of the sale. The AC 8050-2 primarily serves as proof of ownership transfer, not a comprehensive sales agreement.
  8. It is only for fixed-wing aircraft. Many think the form is limited to fixed-wing aircraft. In fact, it applies to all types of aircraft, including rotorcraft.
  9. It is a federal form only. Some believe that the AC 8050-2 is only relevant at the federal level. State laws may also require additional documentation or compliance.

By clarifying these misconceptions, individuals can better navigate the process of buying or selling an aircraft.

File Attributes

Fact Name Description
Purpose The Aircraft Bill of Sale AC 8050-2 form is used to document the transfer of ownership of an aircraft.
Filing Requirement This form must be filed with the Federal Aviation Administration (FAA) to ensure the new owner is recognized officially.
Signature Requirement Both the seller and buyer must sign the form to validate the transfer of ownership.
State-Specific Forms Some states may have additional requirements or forms related to aircraft sales, governed by state aviation laws.
Record Keeping It is important for both parties to keep a copy of the signed form for their records and future reference.