Aircraft Bill of Sale AC 8050-2 PDF Template

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 serves as proof of the sale and includes essential details such as the aircraft's make, model, and identification number. For those looking to complete an aircraft transaction, consider filling out the form by clicking the button below.

Article Guide

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 essential for both buyers and sellers, as it provides proof of the transaction and establishes the new owner's rights to the aircraft. Key components of the AC 8050-2 include details about the aircraft, such as its make, model, and serial number, as well as the names and addresses of both the buyer and the seller. Additionally, the form requires the signatures of both parties, ensuring that the transaction is mutually agreed upon. Proper completion of this form is vital for registering the aircraft with the Federal Aviation Administration (FAA) and for avoiding potential disputes in the future. Understanding the significance of the Aircraft Bill of Sale AC 8050-2 can help streamline the buying and selling process, making it smoother and more efficient for all parties involved.

Aircraft Bill of Sale AC 8050-2 Preview

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	N
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)

↓ Aircraft Bill of Sale AC 8050-2

File Properties

Fact Name	Details
Purpose	The Aircraft Bill of Sale AC 8050-2 form is used to document the sale of an aircraft.
Governing Body	The Federal Aviation Administration (FAA) oversees the use of this form.
State-Specific Forms	Some states may require additional documentation or specific forms based on their laws.
Transfer of Ownership	Completion of the form facilitates the legal transfer of ownership from the seller to the buyer.
Signature Requirement	Both the seller and buyer must sign the form for it to be valid.
Filing with FAA	After signing, the form should be submitted to the FAA for proper record-keeping.
Notarization	Notarization is not required, but it may provide additional legal protection.
Form Availability	The form can be obtained from the FAA's official website or authorized aviation organizations.
Important Information	Ensure all information is accurate and complete to avoid delays in the registration process.

Instructions on Utilizing Aircraft Bill of Sale AC 8050-2

Completing the Aircraft Bill of Sale AC 8050-2 form is an essential step in the process of transferring ownership of an aircraft. Once the form is filled out accurately, it should be submitted to the appropriate authorities to ensure that the transfer is officially recognized. Below are the steps to guide you through filling out the form.

Begin by entering the date of the sale in the designated field. Use the format MM/DD/YYYY.
Provide the name and address of the seller. Ensure that the seller's information is complete and accurate.
Next, fill in the name and address of the buyer. This should also be thorough to avoid any issues later.
In the section for aircraft details, enter the aircraft make, model, and year. Be precise, as this information is critical for identification.
Indicate the aircraft's registration number. This number is vital for tracking and legal purposes.
Specify the aircraft's serial number. This unique identifier helps to confirm the aircraft's identity.
In the section for purchase price, write the total amount agreed upon for the sale. This should be in U.S. dollars.
Both the seller and buyer must sign the form. Ensure that the signatures are clear and match the names provided earlier.
Finally, provide the printed names of both the seller and buyer beneath their signatures.

Important Facts about 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 to transfer ownership of an aircraft from one party to another. This form is essential for documenting the sale and ensuring that the transaction is recognized by the Federal Aviation Administration (FAA). It includes important details such as the aircraft's make, model, and serial number, as well as the names and addresses of both the seller and the buyer. Properly completing this form is crucial for establishing clear ownership and avoiding potential disputes in the future.

Who needs to complete the Aircraft Bill of Sale AC 8050-2 form?

Both the seller and the buyer of the aircraft must complete the Aircraft Bill of Sale AC 8050-2 form. The seller uses this form to formally declare the transfer of ownership, while the buyer needs it to establish their legal claim to the aircraft. Additionally, this document is often required when registering the aircraft with the FAA, making it an important step in the buying and selling process. It is advisable for both parties to review the form carefully to ensure all information is accurate and complete.

How do I properly fill out the Aircraft Bill of Sale AC 8050-2 form?

To fill out the Aircraft Bill of Sale AC 8050-2 form, begin by entering the date of the sale at the top of the form. Next, provide the seller's full name and address, followed by the buyer's full name and address. Include the aircraft's details, such as its make, model, and serial number. It is also important to indicate the purchase price of the aircraft. Both parties must sign and date the form to validate the transaction. Double-check all entries for accuracy before submission to ensure a smooth transfer of ownership.

Is the Aircraft Bill of Sale AC 8050-2 form required for all aircraft transactions?

Common mistakes

Filling out the Aircraft Bill of Sale AC 8050-2 form can seem straightforward, but many people make mistakes that can lead to complications down the line. One common error is failing to provide complete information about the aircraft. Each section must be filled out accurately, including the aircraft's make, model, and serial number. Omitting any detail can create confusion and may even delay the transfer of ownership.

Another frequent mistake is not having the form properly signed. Both the seller and buyer must sign the document, and their signatures should be notarized. If either party neglects this step, the form may be deemed invalid. It's essential to ensure that all signatures are legible and match the names provided in the form.

People often overlook the importance of using the correct date format. The form requires specific date entries, and using an incorrect format can lead to misunderstandings about when the sale took place. Always double-check that the dates are entered correctly to avoid any potential disputes.

Additionally, some individuals fail to include the correct purchase price. This amount should reflect the actual sale price agreed upon by both parties. Leaving this blank or entering an incorrect figure can create issues with tax assessments and may raise questions during future transactions.

It's also important to remember that the Aircraft Bill of Sale must be submitted to the appropriate authorities. Some people mistakenly believe that simply filling out the form is enough. To ensure a smooth transfer of ownership, it should be filed with the Federal Aviation Administration (FAA) or any relevant local agency.

Another common oversight is not keeping copies of the completed form. After signing and submitting, it's wise to retain a copy for personal records. This can be invaluable in case any disputes arise or if proof of ownership is needed in the future.

Lastly, many individuals underestimate the importance of reviewing the entire form before submission. Rushing through the process can lead to overlooked errors or missing information. Taking the time to carefully review each section can save a lot of headaches later on.

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 other important forms and documents that help ensure a smooth transaction and proper registration. Below is a list of commonly used documents that may be needed alongside the Aircraft Bill of Sale.

Aircraft Registration Application (AC 8050-1): This form is used to register an aircraft with the Federal Aviation Administration (FAA). It provides essential details about the aircraft and its owner.
Eligibility Statement (AC 8050-88): This statement confirms that the buyer is eligible to own the aircraft, meeting all necessary legal requirements.
Aircraft Lease Agreement: If the aircraft is being leased rather than sold, this agreement outlines the terms and conditions of the lease, including payment details and duration.
Power of Attorney: This document allows one party to act on behalf of another in the transaction, facilitating the signing of necessary documents.
Bill of Sale for Parts: If any parts or components are sold separately from the aircraft, this bill of sale documents the transaction for those items.
Maintenance Records: These records provide a history of the aircraft’s maintenance and repairs, which is important for assessing its condition and value.
Insurance Certificate: Proof of insurance coverage is often required to protect both parties during the transaction and after the sale.
Tax Documents: Depending on the state, specific tax documents may be needed to ensure compliance with local tax laws related to the sale or purchase of the aircraft.
Aircraft Operating Manual: This manual contains essential information about the aircraft's operation and maintenance, which can be useful for the new owner.

Having these documents prepared and organized can significantly streamline the aircraft buying or selling process. Each plays a vital role in ensuring that the transaction is legally sound and that all parties are protected.

Similar forms

Vehicle Bill of Sale: This document serves as proof of the sale of a vehicle, similar to the Aircraft Bill of Sale. It includes details about the buyer, seller, and the vehicle itself.
Real Estate Bill of Sale: This form is used when personal property is included in a real estate transaction. Like the Aircraft Bill of Sale, it outlines the transfer of ownership.
Boat Bill of Sale: This document transfers ownership of a boat. It contains information about the buyer, seller, and the boat, paralleling the structure of the Aircraft Bill of Sale.
Motorcycle Bill of Sale: Similar to the Aircraft Bill of Sale, this document records the sale of a motorcycle, detailing the involved parties and the motorcycle's specifications.
Mobile Home Bill of Sale: This form is used for the sale of a mobile home. It serves a similar purpose as the Aircraft Bill of Sale by documenting the transfer of ownership.
Business Asset Bill of Sale: This document transfers ownership of business assets. It functions similarly to the Aircraft Bill of Sale by detailing the assets being sold and the parties involved.
Equipment Bill of Sale: Used for the sale of equipment, this document outlines the terms of the sale, akin to the Aircraft Bill of Sale in its purpose and structure.
Personal Property Bill of Sale: This form records the sale of personal property, detailing the transaction and parties involved, much like the Aircraft Bill of Sale.

Dos and Don'ts

When filling out the Aircraft Bill of Sale AC 8050-2 form, it's important to follow certain guidelines. Below is a list of things you should and shouldn't do.

Things You Should Do:

Read the instructions carefully before starting.
Provide accurate information about the aircraft.
Include both the seller's and buyer's signatures.
Use black or blue ink to fill out the form.
Double-check all entries for accuracy.
Keep a copy of the completed form for your records.
Submit the form to the appropriate authority in a timely manner.

Things You Shouldn't Do:

Do not leave any required fields blank.
Do not use white-out or correction fluid on the form.
Do not sign the form without a witness if required.
Do not provide false or misleading information.
Do not forget to date the signatures.
Do not submit the form without checking for errors.
Do not ignore the specific requirements for your state.

Misconceptions

Understanding the Aircraft Bill of Sale AC 8050-2 form is crucial for anyone involved in the purchase or sale of an aircraft. However, several misconceptions often arise regarding this important document. Below is a list of common misunderstandings, along with clarifications to help demystify the process.

The AC 8050-2 form is only necessary for new aircraft. This is not true. The form is required for both new and used aircraft sales to ensure proper documentation of ownership transfer.
Only the seller needs to sign the form. In reality, both the buyer and seller must sign the AC 8050-2 form. This ensures that both parties agree to the terms of the sale.
The form is only needed for large aircraft transactions. This misconception overlooks the fact that the AC 8050-2 is required for all aircraft, regardless of size or weight, as long as they are being sold.
Once the form is signed, the sale is automatically complete. Signing the form is just one step in the process. The transaction is not finalized until all necessary payments and filings are completed.
The AC 8050-2 form is not legally binding. This is incorrect. The form serves as a legal document that establishes ownership and can be used in legal proceedings if disputes arise.
It is acceptable to modify the AC 8050-2 form. Any alterations to the form can lead to complications. It is best to use the form as it is provided to avoid issues with validity.
Filing the AC 8050-2 form is optional. This is a misconception. Filing the form with the Federal Aviation Administration (FAA) is a requirement for the transfer of ownership to be officially recognized.
The form can be submitted electronically. Currently, the AC 8050-2 form must be submitted in paper format. Electronic submissions are not accepted by the FAA.
Once filed, the AC 8050-2 form cannot be changed. While the form itself cannot be altered after submission, if there are mistakes, a new form can be filed to correct the ownership details.

By clarifying these misconceptions, individuals can navigate the process of aircraft sales more confidently and ensure compliance with all necessary regulations.

Key takeaways

Filling out and using the Aircraft Bill of Sale AC 8050-2 form is crucial for anyone involved in the buying or selling of an aircraft. Here are some key takeaways to keep in mind:

The form serves as a legal document that transfers ownership of the aircraft from the seller to the buyer.
Ensure all sections of the form are completed accurately, including the aircraft's make, model, and serial number.
Both the seller and buyer must sign the form for it to be valid. Signatures should be clear and legible.
It is advisable to have the form notarized to add an extra layer of authenticity to the transaction.
Keep a copy of the completed form for your records. This serves as proof of the transaction.
The form must be submitted to the Federal Aviation Administration (FAA) to officially record the change of ownership.