Content Navigation
The Aircraft Bill of Sale AC 8050-2 form is an essential document in the process of buying or selling an aircraft in the United States. This form serves as a legal record of the transaction, ensuring that both the buyer and seller have a clear understanding of their rights and responsibilities. It includes important information such as the details of the aircraft, the names and addresses of both parties involved, and the purchase price. By accurately completing this form, individuals can protect their interests and provide proof of ownership. Additionally, the AC 8050-2 form must be submitted to the Federal Aviation Administration (FAA) to officially register the change of ownership. This registration is crucial, as it helps maintain accurate records of aircraft ownership and ensures compliance with federal regulations. Understanding the significance of this form is vital for anyone involved in the aviation industry, as it lays the groundwork for a smooth and legally sound transaction.
Document 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 |
|
OMB Control No. |
|
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) |
|
|
|
||
|
|
|
|
|
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
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
Frequently Asked 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 sale and includes important details about the aircraft, such as its make, model, and serial number. This form is essential for registering the aircraft with the Federal Aviation Administration (FAA) and establishing clear ownership.
-
Who needs to complete the Aircraft Bill of Sale AC 8050-2 form?
Both the seller and the buyer of the aircraft must complete the form. The seller provides information about the aircraft and certifies that they have the right to sell it. The buyer acknowledges the purchase and accepts the terms of the sale. Both parties should ensure that the form is filled out accurately to avoid future disputes.
-
What information is required on the form?
The form requires several key pieces of information, including:
- The names and addresses of both the seller and the buyer.
- The aircraft's make, model, and serial number.
- The date of the sale.
- The purchase price of the aircraft.
Completing all sections accurately is crucial for proper registration and legal compliance.
-
Is there a fee associated with filing the Aircraft Bill of Sale AC 8050-2 form?
There is no fee for simply completing the Aircraft Bill of Sale AC 8050-2 form. However, there may be fees associated with registering the aircraft with the FAA or obtaining other necessary documents. It is advisable to check the FAA’s website for the most current fee schedule.
-
How do I submit the Aircraft Bill of Sale AC 8050-2 form?
After completing the form, the seller and buyer should each keep a copy for their records. The original form must be submitted to the FAA as part of the registration process. This can typically be done by mailing the form to the appropriate FAA office. Always ensure you have the correct address and any additional documentation required for registration.
-
What happens if I do not use the Aircraft Bill of Sale AC 8050-2 form?
Failing to use the Aircraft Bill of Sale AC 8050-2 form can lead to complications. Without this form, establishing clear ownership may become difficult. It could also create issues when attempting to register the aircraft or transfer ownership in the future. To protect both parties, it is strongly recommended to use this form for all aircraft sales.
Misconceptions
The Aircraft Bill of Sale AC 8050-2 form is an important document in the aviation industry, but several misconceptions surround it. Here are six common misunderstandings:
-
It's only needed for new aircraft.
Many believe that the Aircraft Bill of Sale is only necessary for new aircraft purchases. In reality, it is required for all transfers of ownership, whether the aircraft is new or used.
-
It can be filled out after the sale is completed.
Some people think they can complete the form at any time. However, the form should be filled out and signed at the time of the sale to ensure proper documentation of the transaction.
-
Only the buyer needs to sign it.
Another misconception is that only the buyer's signature is necessary. Both the buyer and seller must sign the Aircraft Bill of Sale to validate the transfer of ownership.
-
It doesn't need to be filed with any authority.
Some assume that the form is merely a private agreement. In fact, it should be submitted to the FAA to officially record the change in ownership.
-
It can be completed in any format.
While some think they can create their own version, the FAA requires the use of the official AC 8050-2 form to ensure compliance with regulations.
-
It's only for large commercial aircraft.
Many people believe that the Aircraft Bill of Sale is only relevant for large commercial aircraft. In truth, it applies to all types of aircraft, including small private planes.
Common mistakes
-
Incomplete Information: One of the most common mistakes is leaving out essential details. Each section of the form must be filled out completely. Missing information can lead to delays or even rejection of the sale.
-
Incorrect Aircraft Identification: It's crucial to ensure that the aircraft's make, model, and serial number are accurate. Errors in these details can create confusion and complicate ownership transfer.
-
Signatures Not Included: Both the seller and buyer must sign the form. Failing to include signatures can invalidate the document. Ensure that all necessary parties have signed before submission.
-
Not Notarizing the Document: In some states, notarization is required for the Aircraft Bill of Sale to be legally binding. Check local regulations to confirm whether this step is necessary.
-
Improper Date Entry: The date of the transaction must be clearly indicated. An incorrect or missing date can lead to legal complications in the future. Make sure to double-check this detail.
Additional PDF Templates
Load Calculations - It promotes safety by identifying potential overload conditions.
When completing a trailer transaction, it is crucial to utilize a Trailer Bill of Sale form to ensure that all details of the sale are documented accurately and comprehensively. This important legal document not only facilitates the transfer of ownership but also acts as a safeguard for both parties. For further information and resources regarding the Trailer Bill of Sale, you can visit OnlineLawDocs.com.
Share Transfer Form - This form allows for organized tracking of stock movement within a corporation.
Document Data
| Fact Name | Description |
|---|---|
| Purpose | The Aircraft Bill of Sale AC 8050-2 form is used to transfer ownership of an aircraft from one party to another. |
| Federal Requirement | This form is required by the Federal Aviation Administration (FAA) to officially record the sale and transfer of ownership. |
| State-Specific Laws | While the AC 8050-2 is a federal form, individual states may have additional requirements or forms related to aircraft ownership transfer, governed by state aviation laws. |
| Signature Requirement | The form must be signed by both the seller and buyer, ensuring that both parties agree to the terms of the sale. |
Similar forms
The Aircraft Registration Application (AC 8050-1) is a document that serves a similar purpose to the Aircraft Bill of Sale AC 8050-2 form. Both documents are crucial in the process of transferring ownership of an aircraft. The registration application requires detailed information about the aircraft and its new owner, including the owner’s name, address, and the aircraft's serial number. While the Bill of Sale confirms the sale and transfer of ownership, the registration application ensures that the aircraft is properly registered in the new owner's name with the Federal Aviation Administration (FAA). This step is essential for legal recognition of ownership and compliance with aviation regulations.
The Aircraft Security Agreement (AC 8050-3) also shares similarities with the Aircraft Bill of Sale. This document is used when an aircraft is financed or secured through a loan. Like the Bill of Sale, it requires information about the aircraft and the parties involved. However, the focus of the Security Agreement is on the lender's rights to the aircraft in case of default. Both documents must be executed to ensure that ownership and financial interests are clearly defined and legally binding, protecting both the buyer and the lender in the transaction.
The Aircraft Lease Agreement serves another purpose akin to the Aircraft Bill of Sale. This document outlines the terms under which an aircraft is leased rather than sold. While the Bill of Sale transfers ownership, the Lease Agreement establishes a temporary arrangement for use of the aircraft. It includes details such as lease duration, payment terms, and maintenance responsibilities. Both documents require clear identification of the aircraft and the parties involved, ensuring that rights and obligations are well-defined during the period of use or ownership transfer.
Similar to the other documents mentioned, a properly drafted essential Motorcycle Bill of Sale form is crucial for the legal transfer of motorcycle ownership. It contains vital information about the seller and buyer, alongside the motorcycle's details, ensuring clarity in ownership change and protecting both parties' interests. You can find a template for this document at the Motorcycle Bill of Sale you need.
Lastly, the FAA Form 337, Major Repair and Alteration, is similar in that it is used to document significant changes made to an aircraft. While it does not directly relate to ownership transfer like the Aircraft Bill of Sale, it is essential for maintaining compliance with FAA regulations. This form requires detailed information about the alterations and the aircraft involved. Both documents emphasize the importance of maintaining accurate records for aircraft, ensuring that any changes or transfers are properly documented to uphold safety and legal standards in aviation.