Contents
The Aircraft Bill of Sale AC 8050-2 form serves as a vital document in the transfer of ownership for aircraft in the United States. This form is essential for both buyers and sellers, as it provides a clear and official record of the transaction. When completing the AC 8050-2, parties must include key details such as the aircraft's make, model, and serial number, along with the names and addresses of both the seller and the buyer. Additionally, the form requires the seller's signature, affirming their authority to sell the aircraft and confirming that the information provided is accurate. Once executed, the Aircraft Bill of Sale must be submitted to the Federal Aviation Administration (FAA) to ensure that the new ownership is officially recognized. This process not only protects the rights of the new owner but also helps maintain accurate records within the FAA's database, which is crucial for safety and regulatory purposes. Understanding the significance of the AC 8050-2 form is essential for anyone involved in the buying or selling of aircraft, as it lays the groundwork for a smooth and legally sound transaction.
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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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 |
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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
Document Specifics
| Fact Name | Description |
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| Purpose | The Aircraft Bill of Sale AC 8050-2 form is used to document the transfer of ownership of an aircraft from one party to another. |
| Requirements | Both the seller and buyer must sign the form to validate the transfer. Their signatures must be notarized for authenticity. |
| Filing | This form must be filed with the Federal Aviation Administration (FAA) to update the aircraft's registration records. |
| State-Specific Forms | Some states may have additional requirements or specific forms that must be completed alongside the federal form. For instance, California requires compliance with the California Vehicle Code. |
| Governing Laws | The transfer of aircraft ownership is governed by federal law, specifically Title 49 of the United States Code, as well as applicable state laws. |
| Record Keeping | It is advisable for both parties to keep a copy of the completed form for their records, as it serves as proof of the transaction. |
Aircraft Bill of Sale AC 8050-2: Usage Instruction
Filling out the Aircraft Bill of Sale AC 8050-2 form is an important step in the process of transferring ownership of an aircraft. Once the form is completed, it should be submitted to the appropriate authorities to ensure that the transfer is officially recognized.
- Begin by downloading the Aircraft Bill of Sale AC 8050-2 form from the FAA website or obtain a physical copy.
- In the first section, enter the name and address of the seller. Make sure to include the full legal name and complete address.
- Next, fill in the buyer's information. Include the buyer's full legal name and address as well.
- In the designated area, provide the aircraft's details. This includes the make, model, year of manufacture, and the aircraft's registration number.
- Indicate the date of the sale in the appropriate field. Ensure that this date is accurate, as it marks the official transfer of ownership.
- Specify the purchase price of the aircraft. This should be clearly stated in the designated space.
- Both the seller and buyer must sign the form. Each party should print their name and date their signature to confirm the transaction.
- Finally, if applicable, have the form notarized. This step may be required depending on your state’s regulations.
Once you have completed the form, review it for accuracy before submitting it to the FAA. This will help ensure that the transfer of ownership goes smoothly and is properly documented.
Learn More on 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 in the United States to transfer ownership of an aircraft. It serves as proof of sale and is essential for registering the aircraft with the Federal Aviation Administration (FAA). This form outlines key details about the transaction, including the buyer and seller's information, aircraft details, and the sale price.
Who needs to use the Aircraft Bill of Sale AC 8050-2 form?
This form is required for anyone who is buying or selling an aircraft. Both private individuals and businesses involved in the sale must complete this form to ensure a legal transfer of ownership. It is also necessary for the buyer to register the aircraft with the FAA after the purchase.
How do I fill out the Aircraft Bill of Sale AC 8050-2 form?
Filling out the form involves several steps:
- Provide the seller's and buyer's full names and addresses.
- Include the aircraft's details, such as the make, model, and serial number.
- State the sale price of the aircraft.
- Both the seller and buyer must sign and date the form.
Make sure all information is accurate to avoid issues during registration.
Is the Aircraft Bill of Sale AC 8050-2 form required for all aircraft transactions?
While it is not legally required for every aircraft transaction, using the AC 8050-2 form is highly recommended. It provides a clear record of the sale, which can protect both parties in case of disputes. Additionally, the FAA requires this form for registering the aircraft, making it essential for a smooth transfer of ownership.
Where can I obtain the Aircraft Bill of Sale AC 8050-2 form?
You can obtain the Aircraft Bill of Sale AC 8050-2 form from the FAA's official website. It is available as a downloadable PDF, which you can print and fill out. Additionally, some aviation-related organizations and legal offices may provide copies of the form.
What should I do after completing the Aircraft Bill of Sale AC 8050-2 form?
After completing the form, both the buyer and seller should keep a copy for their records. The buyer must then submit the original form to the FAA along with the registration application for the aircraft. This step is crucial to ensure that the aircraft is officially registered in the new owner's name.
Can I use the Aircraft Bill of Sale AC 8050-2 form for other types of aircraft transactions?
The AC 8050-2 form is specifically designed for the sale of aircraft. However, it may not be suitable for other types of transactions, such as leasing or gifting an aircraft. For those situations, different forms or agreements may be necessary. Always consult with a legal expert if you are unsure about the appropriate documentation for your specific transaction.
Common mistakes
Filling out the Aircraft Bill of Sale AC 8050-2 form can be a straightforward process, but many individuals make common mistakes that can lead to complications. One frequent error is failing to include all required information. Each section of the form must be completed accurately. Omitting details like the aircraft’s serial number or registration number can cause delays in the transfer of ownership.
Another mistake is not having the form signed by the appropriate parties. The seller must sign the document, and if there are multiple sellers or buyers, all must provide their signatures. If any signature is missing, the form may be deemed invalid, which can lead to legal issues down the line.
People often overlook the date of the sale. This date is crucial as it establishes when the ownership transfer takes effect. Leaving the date blank or entering an incorrect date can create confusion and disputes about ownership, especially if the aircraft is involved in any transactions shortly after the sale.
Inaccurate descriptions of the aircraft are also a common pitfall. The form requires specific details about the aircraft, including its make, model, and year of manufacture. Errors in this information can result in complications with registration and may even affect the aircraft's value.
Another common mistake is not keeping a copy of the completed form. After filling out the AC 8050-2, it’s essential to retain a copy for personal records. Without this documentation, proving ownership or the details of the sale can become challenging if any disputes arise later.
Lastly, many individuals fail to understand the implications of the bill of sale. This document serves as a legal record of the transaction, but it does not automatically transfer the aircraft’s registration. Buyers must ensure that they complete the necessary steps to register the aircraft in their name after the sale is finalized. Ignoring this step can lead to potential legal issues and complications in the future.
Documents used along the form
The Aircraft Bill of Sale AC 8050-2 form is a critical document in the transfer of aircraft ownership. However, several other forms and documents are commonly used in conjunction with this form to ensure a smooth transaction and compliance with regulations. Below is a list of these additional documents.
- FAA Form 8050-1: This is the application for the registration of an aircraft. It is necessary for establishing ownership with the Federal Aviation Administration (FAA).
- Aircraft Registration Certificate: Issued by the FAA, this certificate confirms that the aircraft is registered to a specific owner and includes important details about the aircraft.
- Aircraft Maintenance Records: These documents provide a history of maintenance and repairs performed on the aircraft. They are crucial for ensuring the aircraft's airworthiness.
- Bill of Sale for Aircraft Parts: If any parts of the aircraft are sold separately, this document serves as proof of sale and ownership transfer for those specific parts.
- Loan Agreement: If financing is involved in the purchase, this document outlines the terms of the loan, including repayment schedules and interest rates.
- Inspection Reports: These reports detail the condition of the aircraft at the time of sale. They can include pre-purchase inspections and are important for the buyer's due diligence.
- Title Search Report: This document verifies that the aircraft has a clear title, free from liens or encumbrances, ensuring that the buyer is receiving full ownership rights.
- Power of Attorney: If the seller is unable to complete the transaction in person, this document allows another person to act on their behalf during the sale process.
Utilizing these documents in conjunction with the Aircraft Bill of Sale AC 8050-2 form can help facilitate a legally sound and efficient transfer of aircraft ownership. Each document plays a unique role in ensuring compliance with aviation regulations and protecting the interests of all parties involved.
Similar forms
The Aircraft Bill of Sale AC 8050-2 form serves a critical function in the transfer of ownership of an aircraft, much like a real estate deed does for property. A real estate deed outlines the specifics of a property transfer, including the names of the buyer and seller, a description of the property, and any conditions attached to the sale. Both documents establish legal ownership and serve as proof of the transaction, ensuring that the buyer has clear title to the property in question. Just as the deed must be recorded with local authorities to be enforceable, the Aircraft Bill of Sale must be filed with the Federal Aviation Administration (FAA) to reflect the change in ownership officially. This recording process protects the interests of both parties involved in the transaction.
Another document similar to the Aircraft Bill of Sale is the vehicle title transfer form used in automobile sales. This form captures essential details about the vehicle, including its identification number, the names of the buyer and seller, and the sale price. Like the Aircraft Bill of Sale, the vehicle title transfer serves as a legal record of ownership change. It is crucial for establishing the buyer's right to operate the vehicle and for registering it with the state. Both documents help prevent disputes over ownership and provide a clear chain of title, which is vital for any future transactions.
The UCC-1 Financing Statement also shares similarities with the Aircraft Bill of Sale. This document is used to secure interests in personal property, including aircraft, by notifying creditors of a lender's claim to the asset. When an aircraft is financed, the UCC-1 must be filed to protect the lender's interest, just as the Aircraft Bill of Sale must be filed to document ownership. Both documents play a role in establishing legal rights and obligations related to the asset, ensuring that all parties are aware of any claims against it.
The assignment of a lease agreement can also be likened to the Aircraft Bill of Sale. When an aircraft is leased, the lease assignment document formalizes the transfer of lease rights from one party to another. This document details the terms of the lease, the parties involved, and the conditions under which the lease is assigned. Much like the Aircraft Bill of Sale, it serves to clarify ownership and rights associated with the aircraft, ensuring that the new lessee understands their obligations and rights under the existing lease.
Finally, a partnership agreement can be compared to the Aircraft Bill of Sale in that both documents outline the terms of ownership and responsibilities among multiple parties. In a partnership agreement, the roles, contributions, and profit-sharing of each partner are clearly defined. Similarly, the Aircraft Bill of Sale specifies the terms of the sale and the parties involved. Both documents are essential for avoiding misunderstandings and disputes, providing a clear framework for ownership and responsibilities moving forward.
Dos and Don'ts
When filling out the Aircraft Bill of Sale AC 8050-2 form, attention to detail is crucial. Here’s a list of things you should and shouldn’t do:
- Do ensure all information is accurate and complete.
- Do use clear and legible handwriting or type the form.
- Do include the correct aircraft registration number.
- Do sign and date the form in the appropriate sections.
- Do keep a copy of the completed form for your records.
- Don’t leave any required fields blank.
- Don’t use correction fluid or tape on the form.
- Don’t forget to include the buyer's information.
- Don’t alter the form in any way that could change its meaning.
- Don’t submit the form without checking for errors.
Following these guidelines can help ensure a smooth transaction. Accuracy and clarity are key when dealing with important documents like the Aircraft Bill of Sale.
Misconceptions
The Aircraft Bill of Sale AC 8050-2 form is an important document in the transfer of ownership of an aircraft. However, several misconceptions exist regarding this form. Below is a list of ten common misconceptions along with explanations to clarify them.
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Misconception 1: The AC 8050-2 form is only necessary for new aircraft purchases.
This form is required for both new and used aircraft sales. It serves as proof of ownership transfer regardless of the aircraft's age.
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Misconception 2: The form can be filled out after the sale has occurred.
The AC 8050-2 form should be completed at the time of the sale. Delaying this can complicate ownership verification.
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Misconception 3: A notary public is required for the AC 8050-2 form.
Notarization is not a requirement for the form. However, it may be beneficial in some cases for additional validation.
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Misconception 4: The seller must be the original manufacturer to complete the form.
Any current owner can complete the AC 8050-2 form to sell their aircraft, regardless of whether they are the original manufacturer.
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Misconception 5: The form is only needed for aircraft registered in the United States.
While the AC 8050-2 is a U.S. form, it is used for any aircraft being sold that will be registered in the U.S., regardless of its current registration status.
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Misconception 6: The form does not require a purchase price to be stated.
The sale price must be included on the AC 8050-2 form. This information is important for tax purposes and ownership records.
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Misconception 7: The form is only relevant for private sales.
The AC 8050-2 form is relevant for both private and commercial sales of aircraft. All transfers of ownership should be documented.
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Misconception 8: The form can be submitted electronically.
The AC 8050-2 form must be submitted in paper format. Electronic submissions are not accepted by the FAA.
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Misconception 9: Filling out the form is a complicated process.
The form is straightforward and can be completed with basic information about the aircraft and the parties involved in the sale.
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Misconception 10: Once the form is submitted, the transaction is final and cannot be reversed.
While the form serves as proof of sale, it does not prevent parties from negotiating terms or reversing the transaction if both agree.
Key takeaways
- The Aircraft Bill of Sale AC 8050-2 is a crucial document for transferring ownership of an aircraft.
- It must be completed accurately to ensure legal recognition of the sale.
- The form requires specific information about the aircraft, including its make, model, and serial number.
- Both the seller and buyer must sign the document for it to be valid.
- It is advisable to have the signatures notarized to add an extra layer of authenticity.
- Retain a copy of the completed form for your records after submission.
- The form can be submitted to the FAA to update the aircraft's registration records.
- Filing the Aircraft Bill of Sale is essential for establishing a clear chain of title.
- Ensure that the form is filled out in its entirety to avoid processing delays.
- Consulting with an aviation attorney or expert can help clarify any uncertainties regarding the form.