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When purchasing or selling an aircraft in the United States, the transaction is not complete without the proper documentation. Enter the Aircraft Bill of Sale AC 8050-2 form, a crucial document that both parties need to fill out and sign. This form serves as a legal record of the sale, transferring ownership from the seller to the buyer. It details important information about the aircraft, such as the make, model, and serial number, in addition to the names and addresses of the buyer and seller. The Federal Aviation Administration (FAA) requires this form for the aircraft's registration process, ensuring that all aircraft in the U.S. are legally accounted for and properly tracked. The completion and submission of this form are foundational to ensuring that the aircraft's ownership is legally recognized, making it an indispensable step in the buying and selling process.

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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)

File Attributes

Fact Name Description
Form Identification The form used for selling and buying aircraft in the United States is identified as AC 8050-2.
Purpose Its purpose is to document the sale and transfer of ownership of an aircraft.
Usage Both individual and corporate entities buying or selling aircraft use this form.
Submission Submitted to the Federal Aviation Administration (FAA) for processing and record-keeping.
Requirements It must be completed accurately, including details like the aircraft's make, model, and serial number, as well as buyer and seller information.
Governing Law(s) While it's a federal form, the actual sale may still be governed by state-specific laws regarding property transfer and taxes.
Accessibility The form is accessible through the FAA's website, where it can be downloaded for free.

How to Fill Out Aircraft Bill of Sale AC 8050-2

Once an aircraft changes ownership, the involved parties must complete the Aircraft Bill of Sale AC 8050-2 form. This legal document is essential for recording the sale and proving the new ownership. The process of filling out this form is straightforward if the steps are followed carefully. After the form is properly filled out and submitted, it goes through a review process by the relevant authority to ensure all details are accurate before the sale is officially recorded.

  1. Begin by downloading the most current version of the Aircraft Bill of Sale AC 8050-2 form from the Federal Aviation Administration (FAA) website.
  2. Fill in the date of the sale (month, day, year) in the designated area at the top of the form.
  3. Enter the name(s) of the seller(s) in the space provided. Make sure to include the seller's full legal name or the name of the corporation.
  4. Input the name(s) of the buyer(s) in the specified field. As with the seller's information, include the buyer's full legal name or corporate name.
  5. Describe the aircraft in detail in the relevant section. This includes the aircraft’s make, model, serial number, and registration number.
  6. Specify the sale price of the aircraft in the space provided.
  7. The seller must sign the form in the designated "Seller's Signature" area. If the sale involves multiple sellers, each must sign the form.
  8. Include the date the seller(s) signed the form next to their signature(s).
  9. If applicable, fill in the lien release section. This is necessary if the aircraft was previously under a lien that has been satisfied.
  10. Review the form to ensure all information is accurate and complete.
  11. Submit the completed form to the Federal Aviation Administration. The submission address or email can be found on the FAA website alongside the form.

Completing the Aircraft Bill of Sale AC 8050-2 form accurately is critical for both parties to ensure the transaction is legally binding and recognized. Attention to detail and adherence to the steps above will facilitate a smooth process. Once the form is submitted and processed, the sale is recorded, marking the official transfer of ownership.

Frequently Asked Questions

What is the Aircraft Bill of Sale AC 8050-2 form?

The Aircraft Bill of Sale AC 8050-2 form serves as a legal document that records the sale and purchase of an aircraft. This form is necessary for proving ownership, and it's used by the Federal Aviation Administration (FAA) to update the aircraft registration records. It captures essential details about the transaction, including information about the buyer, seller, and the aircraft itself.

Where can I find the AC 8050-2 form?

You can download the Aircraft Bill of Sale AC 8050-2 form directly from the FAA's official website. It's readily available in a printable format so that you can easily fill it out as required.

Is it mandatory to use the AC 8050-2 form for aircraft sales?

Yes, it is mandatory to use the AC 8050-2 form for all aircraft sales. This standardized form ensures that all necessary information is accurately captured and recognized by the FAA. Failure to use this form can lead to complications in registering the aircraft under the new owner's name.

What information is required on the AC 8050-2 form?

When filling out the AC 8050-2 form, you will need to provide:

  • The full names and addresses of both the seller and the buyer.
  • The make, model, and serial number of the aircraft.
  • The registration number of the aircraft.
  • The date of sale.
  • A signature from the seller, certifying the accuracy of the information provided.

Who needs to sign the AC 8050-2 form?

The seller is required to sign the AC 8050-2 form. This signature certifies that the information provided on the form is accurate and truthful to the best of their knowledge. It is essential for the document's legal validity.

How do I submit the completed AC 8050-2 form?

Once completed, the AC 8050-2 form should be submitted to the FAA. This can be done via mail to the address specified by the FAA for aircraft registration submissions. Ensure that you keep a copy of the form for your records.

Do I need a notary to certify the AC 8050-2 form?

It is not mandatory to have the AC 8050-2 form notarized. However, having a notary witness the signing can add an extra layer of legal validity and protection for both parties involved in the transaction.

Can I file the AC 8050-2 form electronically?

As of the last update, the FAA does not accept electronic submissions of the AC 8050-2 form. The form must be filled out, signed, and mailed to the FAA's office for processing.

What happens if I make a mistake on the AC 8050-2 form?

If a mistake is made on the AC 8050-2 form, it's recommended to start over with a new form to ensure all information is accurate and legible. Corrections or alterations on the form can raise concerns about its authenticity and may result in processing delays.

Why is it important to accurately complete the AC 8050-2 form?

Accurately completing the AC 8050-2 form is crucial because it serves as legal proof of the aircraft's sale and helps in the smooth transfer of ownership. It ensures that the FAA's records are up-to-date, which is essential for the proper registration and operation of the aircraft. It also protects the rights of both the buyer and the seller in the transaction.

Common mistakes

When filling out the Aircraft Bill of Sale AC 8050-2 form, a common mistake is the incomplete entry of the aircraft's make, model, and serial number. This information is crucial for identifying the aircraft being sold. A precise record ensures clear ownership transfer and helps in the accurate registration of the aircraft. Failing to provide this data in full detail can cause delays in processing the sale and may result in the need for re-submission of the form.

Another error occurs with the incorrect listing of the seller's information. Sellers often either provide insufficient details or make errors in their contact information, including names, addresses, or signatures. This oversight can lead to questions regarding the legality of the sale and the veracity of the seller's right to sell the aircraft. It's vital for the seller to thoroughly review all entered information to guarantee its accuracy.

Many individuals overlook the requirement to specify the sale price in the form. Including the sale price is not only a requirement but is also critical for tax purposes. The absence of this information might lead to legal complications or additional taxes for the buyer or seller in the future. It is recommended to clearly state the sale price to avoid any financial discrepancies.

Failure to acknowledge or understand the importance of the buyer’s information can also lead to mistakes. Just like the seller's details, the buyer's personal information, including full name, address, and signature, must be accurately recorded. This ensures that the buyer's ownership is legally documented and recognized for registration purposes. Any error in the buyer's details may complicate the ownership transfer process or even invalidate it.

Not specifying the date of sale is a commonly overlooked detail. This date is essential not only for record-keeping but also for legal reasons. It marks the official transfer of ownership and can affect registration deadlines and potential use of the aircraft. Ensuring the date of sale is clearly written on the form prevents future legal or operational issues.

Last but not least, a significant mistake is the failure to keep a copy of the completed form for personal records. Both buyer and seller should retain a copy of the AC 8050-2 form once it is filled out and submitted. This copy acts as proof of sale and can be invaluable in resolving any disputes or questions concerning the transaction. Keeping personal records organized and accessible is always a recommended practice.

Documents used along the form

When buying or selling an aircraft in the United States, parties commonly use the Aircraft Bill of Sale, AC 8050-2 form. However, this pivotal document is often accompanied by additional forms and documents that ensure the legality and smooth transition of ownership. The following descriptions provide insight into five such documents, highlighting their significance within the aircraft transaction process.

  • Application for Registration, AC Form 8050-1: This document is required to register the aircraft under the new owner's name with the Federal Aviation Administration (FAA). It captures essential details about the new owner and the aircraft, serving as a formal notification to the FAA of the change in ownership.
  • Proof of Ownership: This includes any document that can be used to prove the seller's ownership of the aircraft, such as previous Bills of Sale leading up to the current owner. It ensures there is a clear chain of title, reducing the risk of disputes over the aircraft's ownership.
  • Aircraft Registration Certificate, AC Form 8050-3: Once the FAA processes the aircraft's registration, they issue this certificate. It must be displayed in the aircraft's cockpit and is a federal requirement for operating the aircraft.
  • Airworthiness Certificate: This certificate demonstrates that the aircraft meets safety and operational standards established by the FAA. It is a crucial document, as it is illegal to operate an aircraft without a current Airworthiness Certificate.
  • Release of Lien: If there were any previous liens against the aircraft for unpaid debts or obligations, a Release of Lien must be provided. This document shows that any financial encumbrances on the aircraft have been satisfied, clearing the way for a clean transfer of ownership.

Together, these documents play integral roles in the aircraft buying and selling process, complementing the Aircraft Bill of Sale, AC 8050-2. They ensure that all legal requirements are met, protect the interests of both buyer and seller, and facilitate the proper registration and operation of the aircraft under its new ownership. Understanding and obtaining these documents can provide both parties with confidence and peace of mind during their transaction.

Similar forms

The Aircraft Bill of Sale AC 8050-2 form is akin to the Vehicle Bill of Sale. This document serves as a legal record documenting the sale and transfer of ownership of a vehicle from one person to another. Like the Aircraft Bill of Sale, the Vehicle Bill of Sale captures vital information, including the make, model, year of the vehicle, the sale price, and the details of the buyer and seller. Both documents act as proof of transaction and are crucial for the registration process in their respective jurisdictions.

Similarly, the Boat Bill of Sale parallels the Aircraft Bill of Sale. It is a specialized document used in the transaction of selling and purchasing a boat. This document includes details specific to the boat, such as its length, make, model, and hull identification number, akin to how the Aircraft Bill of Sale includes details specific to the aircraft. For both transactions, this documentation is necessary to prove ownership, and it is often required for registration and insurance purposes.

Another document similar to the Aircraft Bill of Sale is the Real Estate Deed. While the Real Estate Deed pertains to the transfer of property rights in real estate, and the Aircraft Bill of Sale deals with aircraft, both serve the critical function of legally documenting the transfer of ownership. They include specific details about the assets being transferred and information on the buyer and seller. These documents are legally binding and typically require notarization to confirm the authenticity of the signatures.

The Business Bill of Sale is also comparable to the Aircraft Bill of Sale. This document is utilized in the sale of a business, detailing the terms of the transaction, the sale price, and identifying information about the buyer and seller. While the Aircraft Bill of Sale focuses solely on the sale of an aircraft, the Business Bill of Sale can encompass various assets, including equipment, inventory, and sometimes even real estate owned by the business. Both are essential for providing a legal record of the sale and can be important for tax and liability reasons.

Dos and Don'ts

Filling out the Aircraft Bill of Sale AC 8050-2 form correctly is crucial for a smooth transaction and legal transfer of aircraft ownership. Here are some important dos and don'ts to keep in mind during the process:

Do's

  1. Double-check all entered information for accuracy, including the aircraft make, model, and serial number, as well as the personal details of the buyer and seller.

  2. Ensure that all parties involved in the sale sign the form. This includes both the buyer and the seller. If the aircraft is owned by a corporation or organization, the signature of an authorized person is required.

  3. Use black ink for filling out the form as it is less likely to fade over time, ensuring the document remains legible for years to come.

  4. Keep a copy of the filled-out form for your records. This can be crucial for future reference or in case of disputes.

  5. Submit the completed form to the Federal Aviation Administration (FAA) as soon as possible after the sale to ensure timely processing.

  6. Consult with a professional if you have any doubts or questions about how to properly fill out the form. An expert can help navigate the specifics and avoid common pitfalls.

Don'ts

  1. Do not leave any fields blank. If a section does not apply, mark it as "N/A" (not applicable) instead of leaving it empty.

  2. Avoid making corrections or using correction fluid on the form. If an error is made, it is better to start over on a new form to ensure clarity.

  3. Don't use a pencil or any ink color other than black to fill out the form, as other colors may not be accepted or could fade more quickly over time.

  4. Resist the temptation to guess or approximate information. Ensure that all details, especially technical ones like the aircraft's serial number, are entered correctly.

  5. Don't forget to report the sale to the FAA. Completing and submitting the Aircraft Bill of Sale is a critical step in the legal transfer of ownership.

  6. Never sign the form without ensuring that all the information provided is accurate and complete to the best of your knowledge and belief.

Misconceptions

  • It's just a simple form. Many believe that completing the Aircraft Bill of Sale AC 8050-2 form is straightforward without complications. However, accuracy in detailing the aircraft's description, parties involved, and transaction details is crucial. Errors can lead to legal disputes or issues with aircraft registration.

  • Any notary can witness the signing. While notarization might not be required by the Federal Aviation Administration (FAA), understanding who can serve as a witness is important. Different states might have varying regulations regarding who can witness the signing, affecting the document's legality.

  • It’s only needed at the point of sale. The misconception exists that once the sale is finalized, the form's usefulness ends. In reality, this document is essential for the buyer for future reference, insurance, and in case of disputes or when proving ownership.

  • A standard bill of sale is sufficient. A generic bill of sale might seem enough, but the FAA requires the use of form AC 8050-2 specifically designed for aircraft transactions. This ensures all necessary data for registration and ownership transfer is accurately captured.

  • It's required for parts or partial ownership sales. People often think this form is necessary for selling parts of an aircraft or shares in co-ownership. However, AC 8050-2 is intended for whole aircraft sales. Transactions involving parts or shares might need different documentation.

  • Electronic signatures are always acceptable. The assumption that electronic signatures are valid for all legal documents might lead individuals to believe the same for the AC 8050-2. However, the FAA’s acceptance of electronic signatures can vary, and it's wise to verify what is currently accepted to ensure legality.

  • It covers liability issues post-sale. Some sellers and buyers think that once the bill of sale is signed, any liability related to the aircraft automatically transfers to the new owner. While it does transfer ownership, it doesn't inherently transfer all forms of liability, especially for incidents prior to the sale. Separate agreements may be needed to address these concerns.

Key takeaways

When it comes to the transfer of aircraft ownership, the Aircraft Bill of Sale AC 8050-2 form is an essential document recognized by the Federal Aviation Administration (FAA). Navigating through this form correctly is paramount for both sellers and buyers to ensure a seamless and legally binding transfer of ownership. Here are key takeaways to consider when filling out and using this form:

  • Accuracy is key: Every piece of information provided on the form must be accurate and reflect the true details of the transaction. This includes the make, model, and serial number of the aircraft, along with the personal details of both the seller and the buyer. Incorrect information can lead to unnecessary delays or the invalidation of the sale.
  • Legal requirements: The AC 8050-2 form fulfills both a legal and a procedural requirement for the change of aircraft ownership. It serves as a legal document that evidentially supports the transaction and complies with specific FAA regulations. Understanding these requirements can help individuals navigate the legal landscape of aircraft ownership transfer more confidently.
  • Witness and/or Notarization: Depending on the jurisdiction, having the form witnessed or notarized may be necessary. This step adds a layer of legal protection and verification to the transaction, ensuring that all parties involved are duly recognized. It’s advisable to check with local authorities or legal counsel to determine whether this step is required in your area.
  • Submit promptly to FAA: After the completion and signing of the Aircraft Bill of Sale AC 8050-2 form, submitting it promptly to the FAA is crucial for the timely update of the Civil Aircraft Register. The updated register reflects the current legal owner, which is essential for liability reasons, among others. Timeliness in submission not only secures your legal rights as the new owner but also ensures compliance with FAA regulations.

Understanding and following these guidelines when filling out and using the Aircraft Bill of Sale AC 8050-2 can significantly smooth the transition of aircraft ownership. Both buyers and sellers are encouraged to approach this form with the seriousness and attentiveness it requires, consulting professionals if necessary, to ensure all regulatory and legal bases are covered.

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