The Aircraft Bill of Sale AC 8050-2 form is a crucial document used in the transfer of ownership for aircraft in the United States. This form serves as proof of sale and helps establish a clear chain of title, ensuring that the buyer receives legitimate ownership rights. Understanding how to properly fill out this form is essential for both buyers and sellers in the aviation industry.
Ready to complete your Aircraft Bill of Sale? Click the button below to get started!
When dealing with the Aircraft Bill of Sale AC 8050-2 form, there are several important points to keep in mind. This form is essential for documenting the transfer of ownership of an aircraft. Here are four key takeaways:
When filling out the Aircraft Bill of Sale AC 8050-2 form, it's important to pay attention to detail. Here are some key dos and don'ts to keep in mind:
Incomplete Information: One common mistake is failing to provide all necessary information. Ensure that every section of the form is filled out completely. Missing details can delay processing.
Incorrect Identification: Using incorrect or outdated identification numbers for the aircraft can lead to complications. Double-check the aircraft's serial number and registration details.
Not Signing the Form: Forgetting to sign the form is a frequent oversight. Both the seller and buyer must sign the Aircraft Bill of Sale. Without signatures, the document is not valid.
Failure to Date the Document: Omitting the date when the sale occurs can create confusion. Always include the date to establish a clear timeline for the transaction.
Ignoring Notary Requirements: Some transactions require notarization. Check if your sale falls under these requirements and ensure that a notary public witnesses the signing.
Neglecting to Keep Copies: After completing the form, some individuals forget to make copies. Always keep a copy for your records. This can be crucial for future reference or if disputes arise.
The Aircraft Bill of Sale AC 8050-2 form is similar to the Vehicle Bill of Sale. Both documents serve as proof of ownership transfer. When you buy or sell a vehicle, this form provides essential details like the buyer's and seller's names, the vehicle's identification number, and the sale price. Just like the Aircraft Bill of Sale, it must be signed by both parties to be valid. This ensures that the transaction is legitimate and can be used for registration purposes.
Another document that resembles the Aircraft Bill of Sale is the Real Estate Purchase Agreement. This agreement outlines the terms of a property sale, including the price, property description, and any contingencies. Both documents require clear identification of the parties involved and the item being sold. They also serve as a record of the transaction, which can be important for future legal or financial matters.
The Boat Bill of Sale is also comparable. It functions similarly by documenting the sale of a watercraft. This form includes details such as the boat's hull identification number, the sale price, and the buyer and seller's information. Like the Aircraft Bill of Sale, it is crucial for registering the boat with the appropriate authorities and can protect both parties in case of disputes.
The Equipment Bill of Sale is another related document. This form is used when selling or buying heavy machinery or equipment. It includes information about the equipment, such as its serial number and condition. Both the Equipment Bill of Sale and the Aircraft Bill of Sale act as formal records of the transaction, ensuring that ownership is transferred legally and clearly.
Additionally, the Personal Property Bill of Sale shares similarities. This document is used for various personal items, from furniture to electronics. It details the item being sold, the sale price, and the buyer and seller's information. Both forms serve to protect the interests of both parties and provide a clear record of the transaction.
The Mobile Home Bill of Sale is another document that functions similarly. This form is used when transferring ownership of a mobile home. It contains information about the mobile home, including its identification number and sale price. Just like the Aircraft Bill of Sale, it must be signed by both parties to ensure the transaction is valid and can be used for registration with local authorities.
In addition to the various kinds of Bills of Sale mentioned, it's important to understand the specifics of the Motorcycle Bill Of Sale, which is crucial when transferring ownership of a motorcycle in Alabama. This document records the essential details of the transaction, providing legal proof of the sale and safeguarding the interests of both the buyer and the seller by clearly outlining the terms of the agreement.
Lastly, the Business Asset Bill of Sale is comparable. This document is used when selling business assets, such as inventory or equipment. It outlines the assets being sold, their value, and the details of the buyer and seller. Both the Business Asset Bill of Sale and the Aircraft Bill of Sale are important for ensuring that ownership is transferred correctly and can help avoid future disputes.
Bill of Loading - Shippers rely on this form to ensure that cargo is handled according to their specifications and delivered to the correct destination.
Texas Temporary Tag - The Texas Temporary Tag form is designed to expedite the registration process, helping vehicle owners enjoy their new purchases sooner.
For those seeking clarity in their transactions, the process of drafting a thorough Trailer Bill of Sale document can provide significant peace of mind. This form serves as an essential tool to ensure both parties have a clear understanding of the ownership transfer, promoting transparency and mitigating disputes in the future.
Fedex Freight Economy - Contact information ensures proper communication during the shipping process.
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 recording the sale and ensuring that the transaction is recognized by the Federal Aviation Administration (FAA). It provides proof of ownership and includes important details about the aircraft and the parties involved in the sale.
Both the seller and the buyer of the aircraft need to fill out the AC 8050-2 form. The seller must provide accurate information about the aircraft and confirm the sale, while the buyer must acknowledge the purchase and agree to the terms. It is crucial that both parties ensure the information is correct to avoid any future disputes regarding ownership.
The AC 8050-2 form requires several key pieces of information, including:
Completing the form accurately is essential for proper registration with the FAA.
Once the form is completed and signed by both parties, it must be submitted to the FAA for processing. You can send it via mail to the appropriate FAA office. Be sure to keep a copy for your records. It's also a good idea to check the FAA's website for any specific submission guidelines or requirements.
There is no fee for submitting the Aircraft Bill of Sale AC 8050-2 form itself. However, if you are also registering the aircraft with the FAA, there may be fees associated with that process. It's advisable to review the FAA's fee schedule to understand any potential costs involved in the registration process.
If you notice an error after completing the AC 8050-2 form, it is important to correct it before submission. You can either cross out the incorrect information and write in the correct details or fill out a new form entirely. Ensure that all parties involved initial any changes made to the original document to maintain transparency and accuracy.
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.