The Aircraft Bill of Sale AC 8050-2 form serves as a legal document that facilitates the transfer of ownership for an aircraft from a seller to a buyer. It is a necessary step in completing the sale and is required by the Federal Aviation Administration (FAA) for registration purposes. This document, essential for all parties involved, ensures that the transaction is recognized and recorded by the relevant authorities.
When navigating the sale of an aircraft, one document stands as essential for both the seller and the buyer: the Aircraft Bill of Sale AC 8050-2 form. This crucial piece of paperwork not only facilitates the transfer of ownership but also serves as a legal record that is indispensable for registration purposes with the Federal Aviation Administration (FAA). Comprising details such as the names and addresses of both the buyer and seller, a description of the aircraft including its make, model, and serial number, as well as the sale price, this document ensures that all the necessary information is accurately captured and officially recorded. Its completion signals the final step in the legal process of buying or selling an aircraft, underscoring its importance in the aviation industry. Recognizing the form's pivotal role, this introduction aims to provide an overview of its major aspects, aiding both parties in understanding its function, the significance of the details it captures, and the procedural steps required for its submission and acceptance by regulatory bodies.
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
U.S. DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION
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
NAME(S) OF SELLER
SIGNATURE(S)
TITLE
(TYPED OR PRINTED)
(IN INK) (IF EXECUTED FOR
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:
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.
Completing the Aircraft Bill of Sale AC 8050-2 form is an important step in the process of buying or selling an aircraft. This document serves as official proof of the transfer of ownership and is required for the registration process with the Federal Aviation Administration (FAA). The clarity and accuracy of the information provided in this form are crucial to avoid any potential delays or complications. Below is a step-by-step guide to help ensure the form is filled out correctly.
Upon completing the Aircraft Bill of Sale AC 8050-2 form, the next steps involve submitting the form to the FAA for processing. This is typically done as part of the aircraft registration process, where the buyer must provide additional documentation and fees as required by the FAA. The buyer should keep a copy of the completed form for their records and ensure that any further actions required by the FAA are completed promptly to finalize the transfer of ownership.
What is an Aircraft Bill of Sale AC 8050-2 form?
An Aircraft Bill of Sale AC 8050-2 form is a document provided by the Federal Aviation Administration (FAA) in the United States. It is used to record the sale or transfer of an aircraft. This document acts as proof of ownership change and is essential for the buyer to register the aircraft in their name with the FAA.
Who needs to fill out the Aircraft Bill of Sale AC 8050-2 form?
Both the seller and the buyer of an aircraft are involved in filling out the Aircraft Bill of Sale AC 8050-2 form. The seller is responsible for providing accurate information about the aircraft and the sale transaction. The buyer needs the completed form to register the aircraft under their name with the FAA.
What information is required on the AC 8050-2 form?
The AC 8050-2 form requires detailed information including the aircraft's make, model, serial number, and registration number. It also requires the names and addresses of both the seller and the buyer, the sale price, and the date of sale. It's crucial that all this information is filled out accurately to ensure a smooth transfer of ownership.
How do you submit the Aircraft Bill of Sale AC 8050-2 form to the FAA?
After completing the AC 8050-2 form, it must be submitted to the FAA to process the change of ownership. This can be done by mailing the original signed document to the FAA Aircraft Registration Branch. Additionally, some people opt to use third-party services that file the paperwork on their behalf, but it's important to ensure that these services are reputable.
Is there a fee to submit the AC 8050-2 form?
Yes, there is a fee associated with filing the Aircraft Bill of Sale AC 8050-2 form with the FAA. The fee amount can change, so it's a good idea to check the latest fee schedule on the FAA website or contact the FAA directly for the most current information.
What happens if there are errors on the form after it's submitted?
If errors are found on the AC 8050-2 form after submission, the FAA will typically reach out to the individual who submitted the form for corrections. It is important to address these issues promptly to avoid delays in the registration process. Ensuring the form is filled out accurately the first time can help avoid this situation.
Filling out the Aircraft Bill of Sale AC 8050-2 form is a crucial step in the sale and purchase of an aircraft in the United States. However, it's common for people to make mistakes during this process. To ensure your transaction moves smoothly, it's essential to avoid these common errors:
Not verifying all parties' information: Every piece of information regarding the seller and buyer must be accurate and match their legal documents.
Incorrect aircraft identification: It’s vital to include the correct make, model, and serial number of the aircraft. Any error here can invalidate the document.
Omitting the signature date: The document must be dated when signed. Forgetting the date can lead to questions about the sale's validity.
Using nicknames or abbreviations: Always use full legal names of all parties involved, as nicknames or initials can create confusion and legal complications.
Failing to specify the sale price: The exact sale price must be included and agreed upon by both parties to validate the sale and for tax purposes.
Skipping lien information: If the aircraft has liens against it, these must be disclosed. Failing to do so can result in legal problems down the line.
Not retaining a copy: Both the buyer and seller should keep a copy of the completed form. Losing this document can create significant headaches if disputes arise or for record-keeping.
Leaving blank sections: Ensure no sections are left blank. If a section does not apply, it is prudent to mark it as “N/A” rather than leaving it empty.
Miscategorizing the aircraft type: Correctly identifying whether the aircraft is land-based or sea-based is crucial, as this information affects registration and usage.
Being meticulous when completing the Aircraft Bill of Sale AC 8050-2 form is crucial in ensuring that the sale process is legally binding and recognized by the authorities. Avoiding these common mistakes will help streamline the process, making it easier and more secure for both the buyer and seller.
When transferring ownership of an aircraft, the Aircraft Bill of Sale AC 8305-2 form serves as a critical document. However, this form often represents just one piece of the documentation required in the sale and transfer process. Numerous other forms and documents are commonly utilized alongside it to ensure a comprehensive and legally binding transaction. The following list details some of these additional forms, providing a clearer view of the overall documentation landscape within aircraft transactions.
Understanding the purpose and necessity of each document involved in the aircraft sale and acquisition process is essential for a smooth transition of ownership. Together, these documents help to establish the legality of the sale, the airworthiness of the aircraft, and the new owner’s right to operate it. Careful attention to detail and thorough documentation are key to ensuring a successful and legally compliant aircraft transaction.
The Aircraft Bill of Sale AC 8050-2 form shares similarities with the Motor Vehicle Bill of Sale. Both documents serve as official records that transfer ownership from the seller to the buyer. They provide essential information such as the make, model, year, and identification number of the item being sold, alongside the sale amount and the parties' details. These forms are crucial for registering the ownership change with the relevant state or federal authorities and ensuring the legal transfer of property.
Another document that resembles the Aircraft Bill of Sale is the Vessel Bill of Sale. Used for the sale of boats and other watercraft, this document captures the specifics of the transaction, including the vessel's description, the names and addresses of the seller and buyer, and the purchase price. Similar to the Aircraft Bill of Sale, it acts as a legally binding agreement that confirms the sale and transfer of ownership, which is necessary for the vessel's registration and titling.
The Warranty Deed is also akin to the Aircraft Bill of Sale AC 8050-2 form. This document is used in real estate transactions to transfer property from the seller (grantor) to the buyer (grantee). It guarantees that the property is free from liens and encumbrances. Like the Aircraft Bill of Sale, a Warranty Deed ensures the legal transfer of ownership, but it specifically pertains to real estate, providing a guarantee on the clear title of the property.
The General Bill of Sale is a document used to transfer ownership of personal property from a seller to a buyer. It is similar to the Aircraft Bill of Sale as it outlines the details of the item being sold, the sale price, and the parties involved in the transaction. This type of bill of sale is more general and can be used for various items, including electronics, furniture, and other tangible goods, making it versatile for personal property transfers.
The Firearms Bill of Sale is another document that parallels the Aircraft Bill of Sale. It is specifically designed for the sale and purchase of firearms. Both documents record the details of the transaction, including the make, model, and serial number of the item sold (aircraft or firearm), the sale date, and the buyer and seller’s information. The Firearms Bill of Sale is important for registration and legal ownership transfer, similar to its aircraft counterpart.
The Business Sale Agreement resembles the Aircraft Bill of Sale in that it documents the transfer of ownership, but it is used for selling an entire business or a part of it. This comprehensive document outlines the terms of the sale, assets being transferred (including tangible and intangible assets), and responsibilities of the buyer and seller. While the Aircraft Bill of Sale focuses on a single asset transaction, the Business Sale Agreement covers a broader scope, including inventory, client lists, and operating rights among others.
The Quitclaim Deed, like the Aircraft Bill of Sale, is involved in the transfer of ownership, but it is specifically utilized in real estate transactions to transfer any interest the grantor may have in the property without any warranty of clear title. It indicates that the seller is doing no more than transferring whatever ownership they may have, without guaranteeing that they own the property outright. This document is different from the clear, ownership-transferring nature of the Aircraft Bill of Sale but similar in its function to change ownership records.
Lastly, the Stock Transfer Form bears resemblance to the Aircraft Bill of Sale as it is used to document the transfer of stocks from one individual or entity to another. This form records the details of the transaction, including the number of shares sold, the company name, and the parties' particulars. Though the Aircraft Bill of Sale and the Stock Transfer Form cater to vastly different assets, they both fulfill the requirement of documenting the transfer of ownership and ensuring that it is legally recognized.
When filling out the Aircraft Bill of Sale AC 8050-2 form, it's crucial to pay attention to detail and ensure accuracy to prevent any issues with the transfer of ownership. Here are nine essential dos and don'ts to consider:
The Aircraft Bill of Sale AC 8050-2 form is essential in the aviation industry for transferring ownership of an aircraft. However, misconceptions about this document can lead to confusion. Here are four common misconceptions explained:
Understanding these misconceptions about the Aircraft Bill of Sale AC 8050-2 form can help sellers and buyers navigate the aircraft transaction process more effectively. Ensuring the accuracy of the form and compliance with FAA requirements is crucial for a smooth ownership transfer.
Whether you're buying or selling an aircraft, the Aircraft Bill of Sale AC 8050-2 form is a crucial document that legally records the transaction. Here are some key takeaways to guide you through the process of filling out and using this form:
By keeping these points in mind, both buyers and sellers can navigate the complexities of aircraft transactions with greater confidence, ensuring that all legal requirements are met for a smooth transfer of ownership.