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Printable Aircraft Bill of Sale AC 8050-2 Template

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The Aircraft Bill of Sale AC 8050-2 form is a crucial document in the process of transferring ownership of an aircraft. This form serves as a legal record of the transaction between the seller and the buyer, ensuring that the transfer is recognized by the Federal Aviation Administration (FAA). It includes essential information such as the names and addresses of both parties, the aircraft's make, model, and serial number, as well as the sale price. The form must be signed by the seller, and in some cases, notarization may be required to validate the transaction. Proper completion of the AC 8050-2 is vital, as it not only facilitates the registration of the aircraft under the new owner’s name but also protects the rights of both parties involved. By accurately documenting the sale, this form helps to prevent disputes and provides a clear record of ownership, which is essential for future transactions and compliance with aviation regulations.

Common mistakes

  1. Failing to include the correct aircraft identification number. This number is crucial for identifying the aircraft and must match the registration records.

  2. Not providing accurate seller and buyer information. Ensure that all names and addresses are complete and correct to avoid issues with ownership transfer.

  3. Neglecting to sign the form. Both the seller and buyer must sign the Aircraft Bill of Sale for it to be valid.

  4. Using an incorrect date. The date of the sale should reflect when the transaction took place, and it must be clearly stated.

  5. Omitting the purchase price. This detail is necessary for establishing the value of the aircraft and for tax purposes.

  6. Not providing a clear description of the aircraft. Include details such as the make, model, and year to ensure clarity in the transaction.

  7. Failing to check for additional documentation requirements. Some states may require further paperwork to accompany the Bill of Sale.

  8. Overlooking the need for notarization. Some transactions may require the Bill of Sale to be notarized to be legally binding.

  9. Ignoring state-specific requirements. Different states may have unique regulations regarding aircraft sales that must be followed.

  10. Not retaining a copy of the completed form. Both parties should keep a copy for their records in case of future disputes or inquiries.

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Key takeaways

When filling out and using the Aircraft Bill of Sale AC 8050-2 form, consider the following key takeaways:

  1. Accurate Information: Ensure that all details, including the aircraft's make, model, and serial number, are filled out accurately. Inaccurate information can lead to complications in ownership transfer.
  2. Signatures Required: Both the seller and buyer must sign the form. Without these signatures, the document is not valid.
  3. Notarization: While notarization is not mandatory, having the document notarized can add an extra layer of legitimacy and may be required by some states or financial institutions.
  4. Delivery of the Form: Submit the completed form to the FAA to officially record the change of ownership. This step is crucial for legal recognition.
  5. Retain Copies: Keep copies of the signed form for your records. This documentation can be important for future reference or in case of disputes.
  6. Consider Additional Documents: Depending on the transaction, you may need additional documents, such as a lien release or a bill of sale for equipment included in the sale.
  7. Review Before Submission: Double-check all entries before submitting the form. Errors can delay the processing of the ownership transfer.

Aircraft Bill of Sale AC 8050-2 Example

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)

Understanding 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 is essential for ensuring that the transfer is recognized by the Federal Aviation Administration (FAA). It provides a clear record of the transaction, detailing the buyer, seller, and specific aircraft information, including the aircraft's serial number and registration number.

Who needs to complete the Aircraft Bill of Sale AC 8050-2 form?

Both the buyer and the seller of the aircraft must complete the Aircraft Bill of Sale AC 8050-2 form. The seller is responsible for providing accurate information about the aircraft and confirming their authority to sell it. The buyer should ensure that all details are correct and that they understand the terms of the sale. Additionally, this form may be required by financial institutions if the aircraft is being financed.

How do I fill out the Aircraft Bill of Sale AC 8050-2 form?

Filling out the Aircraft Bill of Sale AC 8050-2 form involves several steps:

  1. Obtain the form from the FAA's website or a trusted source.
  2. Enter the names and addresses of both the buyer and seller.
  3. Provide detailed information about the aircraft, including its make, model, serial number, and registration number.
  4. Include the sale price and the date of the transaction.
  5. Both parties must sign and date the form to validate the sale.

Make sure to keep copies of the completed form for your records.

Where do I submit the Aircraft Bill of Sale AC 8050-2 form?

Once the Aircraft Bill of Sale AC 8050-2 form is completed and signed, it should be submitted to the FAA. This can typically be done by mailing the form to the appropriate FAA regional office. It is important to check the FAA’s website for the correct address and any additional submission requirements. Submitting the form ensures that the new ownership is officially recorded in the FAA's registry.

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 in proving ownership. Without this official document, the buyer may face challenges when trying to register the aircraft or obtain financing. Additionally, the lack of proper documentation may result in disputes regarding ownership in the future. Therefore, using the form is crucial for both parties to protect their interests in the transaction.

How to Use Aircraft Bill of Sale AC 8050-2

Once you have the Aircraft Bill of Sale AC 8050-2 form in hand, it is essential to fill it out accurately. This form serves as a legal document for the transfer of ownership of an aircraft. After completing the form, you will need to submit it to the appropriate authorities to finalize the ownership transfer.

  1. Begin by entering the date of the sale at the top of the form.
  2. Provide the name and address of the seller in the designated fields.
  3. Fill in the buyer's name and address accurately.
  4. Specify the aircraft's make, model, and year of manufacture.
  5. Include the aircraft's serial number and registration number.
  6. Indicate the sale price of the aircraft in the appropriate section.
  7. Both the seller and buyer must sign and date the form where indicated.
  8. Ensure that all information is legible and free of errors before submission.