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Download Aircraft Bill of Sale AC 8050-2 Template

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Content Overview

The Aircraft Bill of Sale AC 8050-2 form is a vital document for anyone involved in the buying or selling of aircraft in the United States. This form serves as a legal record of the transfer of ownership, ensuring that both parties are protected during the transaction. It includes essential details such as the names and addresses of the buyer and seller, a description of the aircraft, and the purchase price. By providing this information, the form helps establish clear ownership rights and serves as proof of the sale for future reference. Additionally, the AC 8050-2 form must be properly executed and submitted to the Federal Aviation Administration (FAA) to update the aircraft's registration records. Understanding the significance of this document can streamline the buying or selling process, making it a crucial step for both individuals and businesses in the aviation industry.

Key takeaways

The Aircraft Bill of Sale AC 8050-2 form is an essential document in the transfer of ownership for aircraft in the United States. Understanding how to properly fill out and use this form can streamline the buying and selling process. Here are some key takeaways:

  • Purpose: The form serves as legal proof of ownership transfer from the seller to the buyer.
  • Eligibility: Any person or entity can use this form to sell or purchase an aircraft.
  • Completeness: Ensure all sections of the form are filled out completely to avoid delays in processing.
  • Signatures: Both the seller and buyer must sign the document for it to be valid.
  • Notarization: While notarization is not required, it is recommended to add an extra layer of authenticity.
  • Filing: After completion, the form should be submitted to the Federal Aviation Administration (FAA) to update the aircraft's registration.
  • Record Keeping: Keep a copy of the completed form for your records; it may be needed for future transactions or legal matters.
  • State Requirements: Be aware of any additional state-specific requirements that may apply to aircraft sales.

Guide to Writing Aircraft Bill of Sale AC 8050-2

Once you have the Aircraft Bill of Sale AC 8050-2 form in hand, you’re ready to proceed with filling it out. This form is essential for documenting the transfer of ownership of an aircraft. Accurate completion ensures that all parties involved have a clear understanding of the transaction and helps in maintaining proper records.

  1. Obtain the form: Download the Aircraft Bill of Sale AC 8050-2 from the official FAA website or acquire a hard copy from a certified source.
  2. Enter the seller’s information: Fill in the seller’s name, address, and contact details in the designated fields. Ensure that the information is accurate and up to date.
  3. Provide buyer’s details: Similarly, input the buyer’s name, address, and contact information. Double-check for any typos or errors.
  4. Aircraft description: Accurately describe the aircraft, including its make, model, year of manufacture, and the aircraft’s serial number. This information is crucial for identification.
  5. Purchase price: Clearly state the purchase price of the aircraft. This should reflect the agreed-upon amount between the seller and buyer.
  6. Date of sale: Write the date on which the sale is taking place. This helps establish the timeline of ownership transfer.
  7. Signatures: Both the seller and buyer must sign the form. Ensure that the signatures are dated and that all parties have a copy for their records.
  8. Witness or notary: If required, have a witness or notary public sign the form to validate the transaction. This step may depend on state regulations.

After filling out the form, keep copies for both the buyer and seller. This documentation serves as proof of the transaction and can be essential for future reference or legal matters. Once completed, you may proceed to submit it to the appropriate aviation authority or keep it for personal records.

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Form Preview 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)

Documents used along the form

The Aircraft Bill of Sale AC 8050-2 form is a crucial document in the process of buying or selling an aircraft. However, it is often accompanied by several other forms and documents that help ensure a smooth transaction and proper registration. Below is a list of additional documents frequently used alongside the Aircraft Bill of Sale.

  • FAA Form 8050-1: Aircraft Registration Application - This form is required to register an aircraft with the Federal Aviation Administration (FAA). It provides essential information about the aircraft and its ownership.
  • FAA Form 8050-88: Notice of Registration - This document serves as proof that an aircraft is registered with the FAA. It is often used to verify ownership and registration status.
  • Aircraft Operating Certificate - This certificate is necessary for commercial operations. It confirms that the aircraft and its operator meet all safety and regulatory requirements set by the FAA.
  • Bill of Sale for Aircraft Parts - If any parts are sold separately from the aircraft, this document outlines the sale details, including the part descriptions and transaction terms.
  • Motor Vehicle Bill of Sale: This document is crucial for the transfer of vehicle ownership in California. For more details, visit toptemplates.info/bill-of-sale/motor-vehicle-bill-of-sale/california-motor-vehicle-bill-of-sale.
  • Maintenance Records - These documents detail the maintenance history of the aircraft. They are vital for demonstrating compliance with safety regulations and ensuring the aircraft's airworthiness.
  • Aircraft Insurance Policy - This policy provides coverage for the aircraft against various risks. It is important for both buyers and sellers to have insurance in place during the transaction process.

In summary, while the Aircraft Bill of Sale AC 8050-2 is an essential document for aircraft transactions, it is not the only one. The other forms and documents listed above play significant roles in ensuring compliance with FAA regulations and protecting the interests of all parties involved. Properly managing these documents can facilitate a smoother and more secure transaction process.