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The Aircraft Bill of Sale AC 8050-2 form is a crucial document in the aviation industry, serving as a legal record of the transfer of ownership for an aircraft. This form is required by the Federal Aviation Administration (FAA) to officially document the sale and ensure that the new owner can register the aircraft. Key components of the form include the names and addresses of both the seller and buyer, details about the aircraft such as its make, model, and serial number, and a declaration of the sale price. Additionally, the form must be signed by the seller, which affirms the transfer of ownership. It is essential for both parties to understand that this document not only facilitates the registration process but also serves as proof of ownership in case of disputes or legal matters. Accurate completion of the AC 8050-2 form is vital, as any errors or omissions can lead to complications in the registration and transfer process.

Documents used along the form

The Aircraft Bill of Sale AC 8050-2 form is a crucial document for transferring ownership of an aircraft. Along with this form, several other documents may be necessary to ensure a smooth transaction. Below is a list of commonly used forms and documents in conjunction with the Aircraft Bill of Sale.

  • Aircraft Registration Application (AC 8050-1): This form is used to register the aircraft with the Federal Aviation Administration (FAA) after the sale is completed.
  • FAA Form 337: This document is required for major repairs or alterations to an aircraft and must be filed with the FAA to maintain compliance.
  • Aircraft Maintenance Records: These records provide a history of maintenance and repairs, which is essential for verifying the aircraft's condition and compliance with safety standards.
  • Bill of Sale for Parts: If any parts are sold separately from the aircraft, this document serves as proof of the transaction and ownership transfer for those parts.
  • Power of Attorney: This document may be necessary if the seller appoints someone else to handle the sale on their behalf, allowing that person to sign documents related to the transaction.
  • Florida Bill of Sale: This document serves as a receipt for the transfer of ownership and is essential to ensure a smooth transaction. For more information, you can refer to Florida PDF Forms.
  • Purchase Agreement: This contract outlines the terms of the sale, including price, payment terms, and any conditions that must be met before the sale is finalized.

These documents play a vital role in the process of buying or selling an aircraft. Ensuring that all necessary forms are completed and filed correctly can help avoid potential legal issues in the future.

Other PDF Templates

What Is Required on a Prescription Label - This form outlines any specific monitoring tests needed.

The importance of having a properly executed Bill of Sale form cannot be overstated, as it serves not only as proof of ownership transfer but also as a safeguard in case of disputes. By utilizing a template from Georgia PDF, you can ensure that all necessary information is included, providing both parties with peace of mind and clarity about the terms of the transaction.

Printable Time Sheet - Each time card submission should reflect the actual workweek.

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)

FAQ

  1. 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 recognized by the Federal Aviation Administration (FAA) and is essential for registering the aircraft in the new owner's name.

  2. Who needs to complete the AC 8050-2 form?

    Both the seller and the buyer of the aircraft must complete the AC 8050-2 form. The seller provides the necessary information about the aircraft and confirms the sale, while the buyer acknowledges the purchase and accepts ownership.

  3. What information is required on the form?

    The AC 8050-2 form requires several key pieces of information, including:

    • The names and addresses of both the seller and the buyer.
    • The aircraft's make, model, and serial number.
    • The date of the sale.
    • The purchase price of the aircraft.

  4. Is the AC 8050-2 form required for all aircraft sales?

    While the AC 8050-2 form is not legally required for all aircraft sales, it is highly recommended. Using this form helps establish clear evidence of ownership transfer and is necessary for registering the aircraft with the FAA.

  5. How do I submit the AC 8050-2 form?

    After completing the AC 8050-2 form, the buyer should submit it to the FAA along with the appropriate registration application and any applicable fees. It is important to ensure that all information is accurate to avoid delays in processing.

  6. Can I use a different bill of sale form?

    While you may use other forms of bill of sale, the FAA specifically recognizes the AC 8050-2 form. Using this form simplifies the registration process and ensures compliance with FAA regulations.

  7. What happens if the form is not completed correctly?

    If the AC 8050-2 form is not completed correctly, it may lead to delays in the registration process or could even result in the rejection of the application. It is crucial to double-check all entries for accuracy and completeness.

  8. Is there a fee associated with submitting the AC 8050-2 form?

    There is no fee specifically for submitting the AC 8050-2 form itself. However, there may be registration fees associated with the FAA application process that the buyer will need to pay.

  9. How can I obtain a copy of the AC 8050-2 form?

    The AC 8050-2 form can be obtained from the FAA's official website. It is available as a downloadable PDF, making it easy to fill out and print for your records.

  10. What should I do if I lose the AC 8050-2 form after the sale?

    If the AC 8050-2 form is lost after the sale, it is advisable to create a new bill of sale that includes the same information as the original. Both parties should sign the new document to reaffirm the ownership transfer. Keeping copies of all relevant documents is a good practice.

Key takeaways

When filling out and using the Aircraft Bill of Sale AC 8050-2 form, it is essential to keep several key points in mind. These takeaways will help ensure that the process is completed accurately and efficiently.

  • Accurate Information: Ensure that all information provided on the form is correct. This includes details about the aircraft, such as the make, model, and serial number.
  • Signatures Required: Both the seller and the buyer must sign the form. This confirms that the transaction has been agreed upon by both parties.
  • Notarization: While notarization is not mandatory for the form, it is highly recommended. A notary can help verify the identities of the parties involved.
  • Multiple Copies: Make several copies of the completed form. This ensures that both parties have a record of the transaction for their files.
  • Submission to FAA: After completing the form, submit it to the Federal Aviation Administration (FAA) to officially record the sale and transfer of ownership.
  • Consultation: If there are any uncertainties about filling out the form, consider seeking advice from a legal professional or an aviation expert.

Form Characteristics

Fact Name Description
Purpose The Aircraft Bill of Sale AC 8050-2 form is used to transfer ownership of an aircraft from one party to another.
Required Signatures The form must be signed by both the seller and the buyer to validate the transfer of ownership.
Filing Requirement While the form is not mandatory for all states, it is recommended to file it with the Federal Aviation Administration (FAA) to ensure proper documentation of ownership.
Governing Law The form is governed by federal aviation regulations, specifically Title 14 of the Code of Federal Regulations (CFR), Part 47.
Form Availability The AC 8050-2 form can be obtained online from the FAA's official website or through various aviation-related organizations.
Importance of Accuracy It is crucial to provide accurate information on the form, as errors can lead to complications in the ownership transfer process.