Structure
The Aircraft Bill of Sale AC 8050-2 form is an essential document for anyone involved in the buying or selling of an aircraft in the United States. This form serves as a legal record of the transfer of ownership from the seller to the buyer, ensuring that both parties have a clear understanding of the transaction. Key components of the AC 8050-2 include the identification of the aircraft, such as its make, model, and serial number, as well as the names and addresses of both the buyer and the seller. It also requires the seller's signature, which verifies their authority to sell the aircraft, and the buyer's signature, indicating their acceptance of the purchase. The form must be completed accurately to avoid any issues with registration or future ownership disputes. Additionally, this document plays a crucial role in establishing a clear chain of title, which is vital for maintaining the aircraft’s legal status and ensuring compliance with federal regulations. Understanding the importance of the Aircraft Bill of Sale AC 8050-2 is crucial for anyone looking to navigate the complexities of aircraft transactions smoothly.
Common mistakes
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Incomplete Information: One common mistake is failing to provide all required information. Each section of the form must be filled out accurately, including the names and addresses of both the seller and the buyer, as well as the aircraft's details. Leaving out any crucial information can lead to delays or complications in the transfer process.
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Incorrect Aircraft Details: It is vital to ensure that the aircraft's make, model, and serial number are correct. Errors in these details can create confusion and may lead to disputes over ownership. Double-checking these specifics is essential before submitting the form.
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Signature Issues: The form must be signed by both the seller and the buyer. A common oversight is neglecting to include all necessary signatures. Additionally, signatures should match the names listed on the form. Any discrepancies can result in the form being rejected.
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Failure to Date the Form: Another frequent mistake is forgetting to date the Aircraft Bill of Sale. The date is crucial as it establishes when the transfer of ownership occurred. Without a date, the transaction may be questioned or deemed invalid.
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Not Notarizing the Document: While notarization is not always required, many buyers and sellers choose to have the document notarized to add an extra layer of authenticity. Failing to do so may lead to challenges in proving the legitimacy of the sale.
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Ignoring State-Specific Requirements: Each state may have its own regulations regarding the sale and registration of aircraft. It is essential to be aware of these state-specific requirements when completing the form. Ignoring them can result in additional complications or penalties.
Preview - 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 |
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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
Other PDF Templates
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To ensure a hassle-free transfer of ownership, it is crucial to use the appropriate documentation, such as the Mobile Home Bill of Sale, which details the necessary information about both parties and the mobile home being sold.
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Documents used along the form
The Aircraft Bill of Sale AC 8050-2 form is essential for transferring ownership of an aircraft. However, several other documents often accompany this form to ensure a smooth transaction and compliance with regulations. Below are some key documents you may encounter.
- Aircraft Registration Application (AC 8050-1): This form is used to register the aircraft with the FAA. It provides essential information about the aircraft and its new owner.
- General Bill of Sale: This form acts as proof of purchase and serves to document the transfer of ownership. For more details, learn more.
- Federal Aviation Administration (FAA) Form 337: This form documents major repairs or alterations made to the aircraft. It ensures that any modifications comply with safety regulations.
- Airworthiness Certificate: This certificate confirms that the aircraft meets safety standards and is fit for flight. It is crucial for legal operation in U.S. airspace.
- Aircraft Logbooks: These records detail the maintenance history and flight hours of the aircraft. They are vital for tracking the aircraft's condition and value.
- Purchase Agreement: This document outlines the terms of the sale, including price and conditions. It protects both the buyer and seller during the transaction.
- Title Search Report: This report verifies the ownership history of the aircraft. It helps to ensure there are no liens or claims against it.
- Bill of Sale for Engines or Components: If the sale includes engines or other components, this document confirms their transfer of ownership and condition.
Having these documents prepared can help streamline the ownership transfer process. Each one plays a vital role in ensuring compliance and protecting both parties involved in the transaction.
Similar forms
The Aircraft Bill of Sale AC 8050-2 form serves a vital role in the transfer of ownership for aircraft. It is similar to a standard vehicle bill of sale, which documents the sale of a car or motorcycle. Just like the Aircraft Bill of Sale, a vehicle bill of sale outlines the details of the transaction, including the buyer and seller's information, a description of the vehicle, and the purchase price. Both documents serve as proof of ownership transfer and can be used for registration purposes with the relevant authorities. They ensure that the seller relinquishes their rights to the property while providing the buyer with a legal record of their new ownership.
Another document that bears similarities to the Aircraft Bill of Sale is the real estate deed. A real estate deed transfers ownership of property from one party to another, much like the Aircraft Bill of Sale does for aircraft. Both documents require specific information about the parties involved and the property being transferred. They also must be signed by the seller to validate the transaction. In both cases, these documents are essential for establishing legal ownership and may need to be recorded with a government office to protect the buyer’s interests.
If you are in need of a reliable form for your transactions, consider this essential guide to understanding the bill of sale, specifically the New York bill of sale form. This document is critical for ensuring a smooth transfer of ownership, thereby safeguarding both parties involved in the sale process.
The boat bill of sale is yet another document akin to the Aircraft Bill of Sale AC 8050-2. This document is used to transfer ownership of a boat, similar to how the Aircraft Bill of Sale facilitates the transfer of aircraft ownership. Both documents include details such as the buyer and seller’s names, the description of the vessel or aircraft, and the sale price. They serve as important records for both parties, ensuring that the transaction is legally binding and providing proof of ownership for the new owner.
Lastly, the personal property bill of sale shares similarities with the Aircraft Bill of Sale. This document is used for a variety of personal property transactions, such as the sale of equipment, furniture, or other items. Like the Aircraft Bill of Sale, it includes details about the buyer and seller, a description of the item, and the sale price. Both documents protect the interests of both parties and provide a clear record of the transaction, making them essential for establishing ownership rights in their respective contexts.
Dos and Don'ts
When completing the Aircraft Bill of Sale AC 8050-2 form, it is essential to follow specific guidelines to ensure accuracy and compliance. Below is a list of things you should and shouldn't do while filling out this important document.
- Do ensure that all information is accurate and complete.
- Do use black or blue ink for legibility.
- Do sign the form in the appropriate section.
- Do include the correct aircraft registration number.
- Don't leave any required fields blank.
- Don't use correction fluid or tape on the form.
- Don't forget to include the date of the sale.
- Don't submit the form without making a copy for your records.
Key takeaways
When dealing with the Aircraft Bill of Sale AC 8050-2 form, it is essential to understand its significance and the details required for accurate completion. Here are key takeaways to consider:
- The form serves as a legal document that records the sale of an aircraft, establishing ownership transfer.
- Ensure that all sections of the form are filled out completely and accurately to avoid delays in processing.
- Both the seller and buyer must sign the document; signatures should be in ink, not electronic.
- Include the aircraft's serial number, make, model, and year of manufacture for identification purposes.
- Provide the date of the sale, as this is crucial for record-keeping and legal purposes.
- Keep a copy of the completed form for your records, as it may be required for future transactions or inspections.
- Submit the form to the FAA along with any required fees to ensure the change of ownership is officially recorded.
- Consult with a knowledgeable professional if you have questions or need assistance with the form to ensure compliance.
How to Use Aircraft Bill of Sale AC 8050-2
After completing the Aircraft Bill of Sale AC 8050-2 form, it is important to ensure that all information is accurate and that all parties involved have signed the document. This form serves as a legal record of the transaction and must be filed appropriately with the relevant authorities.
- Obtain the Aircraft Bill of Sale AC 8050-2 form. This can typically be found on the FAA website or through authorized aviation dealers.
- Fill in the date of the sale at the top of the form.
- Provide the name and address of the seller in the designated section.
- Enter the name and address of the buyer in the corresponding area.
- Detail the aircraft information, including the make, model, year, and serial number.
- Include the aircraft registration number, if applicable.
- Indicate the purchase price of the aircraft clearly.
- Both the seller and buyer must sign and date the form. Ensure that signatures are clear and legible.
- If applicable, have the signatures notarized to add an extra layer of authenticity.
- Make copies of the completed form for both parties' records.
- Submit the original form to the FAA or the appropriate authority for processing.