The Aircraft Bill of Sale AC 8050-2 form is a crucial document for any transaction involving the sale of an aircraft in the United States. It serves as a formal record, transferring ownership from the seller to the buyer and is necessary for the registration of the aircraft with the Federal Aviation Administration (FAA). For assistance in accurately completing and filing this document, click the button below.
Navigating the landscape of aircraft ownership and transfer, a pivotal document emerges as the cornerstone of such transactions: the Aircraft Bill of Sale AC 8050-2 form. This integral form serves not just as a mere transactional record but as the official testament of the transfer of ownership from one party to another, recognized by regulatory authorities. Its importance extends beyond the basic exchange, laying the foundation for the registration process and ensuring compliance with federal regulations. With rules and requirements that can appear daunting at first glance, understanding the nuances encapsulated within this document becomes essential for anyone looking to buy or sell an aircraft. The form itself encapsulates a variety of critical information, including details of the transaction, specifics of the aircraft, and the identities of the parties involved, all of which are scrutinized to ensure legality and legitimacy of the ownership transition. As such, it not only represents the culmination of a sale but also acts as a protective measure, guarding against potential disputes and clarifying ownership in the eyes of the law and the aerospace community at large.
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
U.S. DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION
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
NAME(S) OF SELLER
SIGNATURE(S)
TITLE
(TYPED OR PRINTED)
(IN INK) (IF EXECUTED FOR
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:
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.
When transferring ownership of an aircraft, the Aircraft Bill of Sale AC 8050-2 form is a crucial document. Proper completion ensures a smooth transaction and legal compliance. This form is a standardized document used across the United States for the process. Following the outlined steps carefully is key to accurately filling out the form and avoiding any potential legal or administrative issues.
Once the form has been submitted, the FAA will process the transaction as part of the aircraft’s official records. The buyer should retain a copy of the signed form for their records, as it serves as proof of ownership until the new registration certificate is issued. It is advised for both parties to keep copies of all documentation related to the sale for their records. Following these steps meticulously is not only about adherence to regulations but is also about ensuring the rights and responsibilities of both parties are clearly established and recognized.
What is the Aircraft Bill of Sale AC 8050-2 form?
The Aircraft Bill of Sale AC 8050-2 form is a document used in the United States to officially record the sale and transfer of an aircraft from one party to another. This document is crucial for both the seller and the buyer, as it provides legal proof of the transaction and is necessary for the buyer to register the aircraft in their name with the Federal Aviation Administration (FAA).
Where can I get the Aircraft Bill of Sale AC 8050-2 form?
The Aircraft Bill of Sale AC 8050-2 form can be obtained directly from the Federal Aviation Administration's website or any local FAA office. It is available for download in PDF format, allowing individuals to easily print and fill out the form as needed. It's important to ensure that the form is the latest version by verifying this information on the FAA's official website.
How do I properly fill out the Aircraft Bill of Sale AC 8050-2 form?
To correctly fill out the Aircraft Bill of Sale AC 8050-2 form, all required fields must be completed with accurate information. This includes the names and addresses of both the seller and buyer, a detailed description of the aircraft (including make, model, serial number, and registration number), and the sale price. Both parties must sign and date the document for it to be considered valid. It's recommended to review the FAA's instructions or consult with a legal professional to ensure the form is filled out correctly.
Do I need to notarize the Aircraft Bill of Sale AC 8050-2 form?
While the Federal Aviation Administration does not require the Aircraft Bill of Sale AC 8050-2 form to be notarized, some states may have specific requirements for notarization of documents involved in the sale of an aircraft. It is advisable to check with local state regulations or a legal advisor to determine whether notarization is necessary for your particular situation. Regardless of notarization, the completed form must be submitted to the FAA to properly register the aircraft under the new owner's name.
Filling out the Aircraft Bill of Sale AC 8050-2 form is crucial for documenting the sale of an aircraft. However, certain mistakes commonly occur during this process. Being aware of these errors can help ensure the form is completed accurately, facilitating a smoother transaction.
Not double-checking the aircraft's identification number (N-Number): It's easy to mistype or misread numbers, especially with something as critical as the aircraft's identification. A wrong N-Number can invalidate the sale documentation.
Leaving blank spaces: Every section of the form needs to be filled out. If a section does not apply, insert ‘N/A’ (not applicable) instead of leaving it empty. Blank spaces can cause confusion and delay the process.
Forgetting signatures and dates: Both the buyer and the seller must sign and date the form. Missing signatures or dates can lead to questions about the sale’s validity.
Misunderstanding the "Bill of Sale" as a proof of ownership: While it records the transaction, the official change of ownership requires submitting this form to the appropriate aviation authority.
Using incorrect personal information for the buyer or seller: This includes not only names but also addresses and contact information. Inaccuracies can cause significant delays.
Not keeping a copy: Both parties should keep a copy of the completed form. It’s essential for record-keeping and resolving any future disputes.
In conclusion, when filling out the Aircraft Bill of Sale AC 8050-2 form, it’s important to pay close attention to detail. Avoiding these common mistakes can help ensure the transaction proceeds smoothly and efficiently.
When buying or selling an aircraft, a significant amount of paperwork is involved to ensure the legality of the transaction and to comply with federal regulations. The Aircraft Bill of Sale AC 8050-2 form is a crucial document in this process, serving as the official record of the sale and transfer of ownership of the aircraft from the seller to the buyer. However, this form is often just one of several documents used together to complete the transaction and fulfill legal requirements. The following list details other forms and documents commonly used alongside the Aircraft Bill of Sale AC 8050-2.
In the context of an aircraft transaction, each of these documents plays a role in ensuring the transaction is legal, transparent, and complies with both federal and state regulations. It's important for buyers and sellers to be aware of these requirements and to prepare accordingly to ensure a smooth ownership transition. Consulting with an aviation attorney can also provide valuable assistance in navigating the complexities of aircraft transactions.
Vehicle Bill of Sale: This document is used when selling a car, motorcycle, or other types of vehicles. Like the Aircraft Bill of Sale, it acts as a proof of purchase and records the sale's specifics, such as the buyer and seller details, vehicle description, and transaction date.
Boat Bill of Sale: Similar to the Aircraft Bill of Sale, this document records the sale of a boat from a seller to a buyer. It includes details like the boat's make, model, year, and serial number, ensuring the buyer has proof of ownership.
Firearm Bill of Sale: This document serves as a record for the private sale of a firearm, detailing the transaction between the buyer and seller. It shares similarities with the Aircraft Bill of Sale in providing legal proof of the change in ownership and terms of sale.
Business Bill of Sale: Used for the purchase or sale of a business, this document outlines the transaction's details, including assets, stock, and other considerations, just as the Aircraft Bill of Sale records the specifics of an aircraft's sale.
Equipment Bill of Sale: This form documents the sale and transfer of ownership of equipment (e.g., construction machinery) from the seller to the buyer. It is similar to the Aircraft Bill of Sale, as both provide a legal record of the transaction and include details about the items sold.
Real Estate Bill of Sale: Although typically real estate transactions require more detailed contracts, a Real Estate Bill of Sale can be used for the transfer of personal property within a real estate transaction. It's akin to the Aircraft Bill of Sale in that it documents the transfer of ownership, albeit for different types of property.
Stock Certificate: While not a bill of sale, a stock certificate shares similarities with the Aircraft Bill of Sale by serving as physical evidence of ownership - in this case, ownership of shares in a corporation, including details about the share transaction.
Promissory Note: This legal document entails a promise by one party to pay another a definite sum of money, either on demand or at a future date. Like the Aircraft Bill of Sale, it documents specific details of the agreement between parties, though it focuses on money owed rather than ownership transfer.
Warranty Deed: Used in real estate to guarantee the clear title of property from the seller to the buyer, this document guarantees that the seller holds full title to the property. The Warranty Deed, similar to an Aircraft Bill of Sale, ensures that the ownership is transferred free of liens or claims.
Receipt of Sale: A simple document acknowledging the purchase and sale of goods or services. Even though much less detailed, it's similar to the Aircraft Bill of Sale as it serves as proof of a transaction between two parties.
When completing the Aircraft Bill of Sale Form AC 8050-2, it's important to approach the task with attention to detail and an understanding of the form's requirements. To ensure accuracy and legality in the document, focus on adhering to the following guidelines.
Things You Should Do:
Things You Shouldn't Do:
The Aircraft Bill of Sale, form AC 8050-2, plays a vital role in the aviation industry, serving as a pivotal document for transactions involving aircraft. Despite its importance, numerous misconceptions surround its use and requirements. Understanding these misconceptions is crucial for buyers, sellers, and professionals in the aviation sector.
It's just a standard bill of sale: Many believe the Aircraft Bill of Sale AC 8050-2 is a generic document similar to those used for cars or boats. However, it's a specialized document tailored for aircraft transactions, meeting specific requirements of the Federal Aviation Administration (FAA).
Any bill of sale would suffice for the FAA: This is incorrect. The FAA mandates the use of form AC 8050-2 for aircraft sales. This form is designed to ensure that all necessary information is accurately reported and recorded.
It only needs to be filled out by the seller: While it's the seller's responsibility to complete the form, both the buyer and seller should review its contents. Errors or inaccuracies can affect the buyer’s ability to register the aircraft.
Legal representation is not necessary: Though not a legal requirement, consulting with a legal professional who specializes in aviation can prevent costly mistakes in the documentation process.
It's only relevant at the time of sale: The importance of form AC 8050-2 extends beyond the sale. It's a crucial document for FAA registration and may be required for future legal or administrative processes.
Any corrections can be made informally: Incorrect. Changes or corrections to the form must be approached with care and, in some cases, may require submitting a new form to ensure compliance with FAA regulations.
Electronic submissions are acceptable: As of the last update, the FAA requires the original ink-signed form to be mailed for processing. Unlike some documents that have moved to digital submission, the Aircraft Bill of Sale must be physically submitted.
There's no deadline for submission: Timely submission is essential. While the FAA doesn’t mandate a strict deadline for submitting form AC 8050-2, delays can impede the registration process and the new owner’s ability to legally operate the aircraft.
It pertains only to commercial aircraft: This form is required for the sale of both commercial and private aircraft. Any change of ownership for an aircraft necessitates the completion and submission of AC 8050-2, regardless of the aircraft's use.
It should include detailed aircraft condition reports: The form is designed to capture transaction details, not the condition of the aircraft. Condition reports are separate documents and are not part of the AC 8050-2 form.
Clarifying these misconceptions helps ensure that the aircraft sales process is conducted smoothly and in compliance with the FAA's requirements, safeguarding the interests of all parties involved.
Filling out and using the Aircraft Bill of Sale, AC 8050-2 form, is an important process in the sale and purchase of an aircraft in the United States. It serves as a legal document that evidences the sale, ensuring the buyer gains the title to the aircraft while protecting the rights of the seller. Provided here are six key takeaways to guide you through completing and utilizing this form effectively.
By following these straightforward steps and keeping these key takeaways in mind, parties involved in the sale of an aircraft can ensure a smoother transaction process. Understanding and adhering to the requirements of the Aircraft Bill of Sale, AC 8050-2 form, not only facilitates a legally sound transfer of ownership but also helps safeguard the interests of all parties involved.
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