Contents
The Aircraft Bill of Sale AC 8050-2 form serves as a crucial document in the world of aviation, facilitating the transfer of ownership for aircraft in a clear and legally binding manner. This form is essential for both buyers and sellers, as it provides a written record of the transaction that includes vital details such as the aircraft's make, model, and serial number, as well as the names and addresses of the parties involved. When completed accurately, the AC 8050-2 not only solidifies the sale but also helps establish a clear chain of title, which is vital for ensuring that the new owner has the legal right to operate and register the aircraft. Additionally, the form requires signatures from both the seller and the buyer, underscoring the mutual agreement and acknowledgment of the terms of the sale. Understanding the nuances of this document is important for anyone involved in aircraft transactions, as it plays a significant role in the broader context of aviation law and compliance. Properly executing the AC 8050-2 can prevent potential disputes and streamline the registration process with the Federal Aviation Administration (FAA), making it an indispensable tool for those navigating the complexities of aircraft ownership transfer.
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Similar forms
- Vehicle Bill of Sale: This document serves as proof of the transfer of ownership for a motor vehicle. Like the Aircraft Bill of Sale, it includes details about the buyer, seller, and the vehicle itself, ensuring a clear record of the transaction.
- Real Estate Purchase Agreement: This agreement outlines the terms of a real estate transaction. Similar to the Aircraft Bill of Sale, it specifies the parties involved, the property details, and the agreed-upon purchase price, providing a formal record of the sale.
- Boat Bill of Sale: Used for transferring ownership of a boat, this document includes information about the buyer, seller, and the boat. It functions similarly to the Aircraft Bill of Sale by providing legal proof of ownership transfer.
- General Bill of Sale - A crucial document for transferring ownership of personal property, ensuring both parties have a mutual understanding of the sale. For more information, visit https://freebusinessforms.org/.
- Personal Property Bill of Sale: This form is used for the sale of personal items, such as furniture or electronics. Like the Aircraft Bill of Sale, it captures essential details about the transaction, including the parties involved and the item being sold.
- Business Asset Purchase Agreement: This document is used when purchasing assets from a business. It outlines the terms of the sale and includes details about the buyer, seller, and the assets being transferred, similar to the Aircraft Bill of Sale.
Document Example
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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OMB Control No. |
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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 |
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 |
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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 |
(TYPED OR PRINTED) |
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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
Form Specs
| 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 | Both the seller and buyer must sign the form to validate the transfer of ownership. |
| Filing Requirement | This form should be filed with the FAA to officially record the change of ownership. |
| State-Specific Considerations | Some states may have additional requirements or forms; it is crucial to check local laws for compliance. |
| Governing Laws | The transfer of ownership is governed by federal aviation regulations, but state laws may also apply. |
Crucial Questions on This Form
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. It serves as proof of the sale and includes essential details such as the aircraft's make, model, and serial number. This form is required for registration with the Federal Aviation Administration (FAA).
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 information about the aircraft and certifies that they are the rightful owner. The buyer must sign to acknowledge the transfer of ownership. It is important for both parties to ensure that all information is accurate to avoid complications in the registration process.
How do I submit the AC 8050-2 form?
To submit the AC 8050-2 form, follow these steps:
- Complete the form with all required information.
- Obtain signatures from both the seller and the buyer.
- Submit the completed form to the FAA along with any applicable fees.
- Keep a copy of the form for your records.
The form can be mailed or submitted online, depending on the FAA's current submission guidelines.
Is there a fee associated with the AC 8050-2 form?
Yes, there is a fee associated with the processing of the AC 8050-2 form. The fee amount can vary based on the type of transaction and the specific services requested. It is advisable to check the FAA's website or contact their office for the most current fee schedule. Payment is typically required at the time of submission.
Documents used along the form
The Aircraft Bill of Sale AC 8050-2 form is a crucial document for anyone involved in the sale or transfer of an aircraft. However, several other forms and documents often accompany it to ensure a smooth transaction. Below is a list of these important documents, each serving a specific purpose in the process.
- Aircraft Registration Application (AC Form 8050-1): This form is used to register an aircraft with the Federal Aviation Administration (FAA). It provides essential information about the aircraft and its owner, ensuring that the aircraft is legally recognized for operation.
- Bill of Sale for Aircraft Engines (AC 8050-2A): Similar to the Aircraft Bill of Sale, this document specifically pertains to the sale of aircraft engines. It details the transfer of ownership and ensures that all parties are aware of the terms of the sale.
- Aircraft Lease Agreement: If the aircraft is being leased rather than sold, this document outlines the terms of the lease, including duration, payment amounts, and responsibilities of both the lessor and lessee.
- FAA Form 337: This form is used to report major repairs and alterations to the aircraft. It ensures that any modifications are documented and approved by the FAA, which is vital for maintaining the aircraft's airworthiness.
- California Trailer Bill of Sale: This form is crucial for documenting the sale of a trailer in California. For those looking to complete this vital step in the sale or purchase of a trailer, you can download the document in pdf.
- Proof of Insurance: This document provides evidence that the aircraft is insured. It is essential for protecting both the owner and any potential buyers from financial loss in case of accidents or damages.
Having these documents prepared and organized can greatly facilitate the aircraft transfer process. Each form plays a significant role in ensuring compliance with regulations and protecting the interests of all parties involved. Understanding their importance can lead to a more efficient and successful transaction.
Misconceptions
The Aircraft Bill of Sale AC 8050-2 form is a crucial document in the transfer of ownership for aircraft. However, several misconceptions exist about its purpose and requirements. Below are four common misconceptions:
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It is only necessary for large commercial aircraft.
This is incorrect. The AC 8050-2 form is required for all types of aircraft, regardless of size. Whether it’s a small private plane or a large commercial jet, the form serves to legally document the transfer of ownership.
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Only the seller needs to sign the form.
In reality, both the seller and the buyer must sign the Aircraft Bill of Sale. This ensures that both parties acknowledge the transfer and agree to the terms outlined in the document.
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The form is optional if a purchase agreement exists.
This is a misconception. Even if a purchase agreement is in place, the AC 8050-2 form is still required to officially record the ownership transfer with the Federal Aviation Administration (FAA).
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Filing the form is the only step needed to complete the sale.
While the AC 8050-2 form is important, it is not the only step. Buyers must also ensure that the aircraft is properly registered with the FAA and that any liens are cleared before the sale is finalized.