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The Aircraft Bill of Sale AC 8050-2 form is a crucial document in the realm of aviation, serving as a formal record of the transfer of ownership for an aircraft. This form is not just a piece of paper; it encapsulates significant details that protect both the buyer and the seller during the transaction. Key elements include the identification of the aircraft, such as its make, model, and serial number, which ensure clarity in the ownership transfer. Additionally, the form requires the names and addresses of both the seller and the buyer, establishing a clear chain of ownership. The date of the sale is also recorded, marking the official moment when ownership changes hands. Importantly, the Aircraft Bill of Sale must be signed by the seller, affirming their intent to transfer ownership and their authority to do so. Once completed, this document plays a vital role in the registration process with the Federal Aviation Administration (FAA), making it essential for anyone involved in buying or selling an aircraft. Understanding the nuances of this form can help facilitate a smoother transaction and provide peace of mind for all parties involved.

How to Write Aircraft Bill of Sale AC 8050-2

Filling out the Aircraft Bill of Sale AC 8050-2 form is a straightforward process that requires careful attention to detail. Once completed, this form serves as an essential document for transferring ownership of an aircraft, ensuring that both the buyer and seller have a clear record of the transaction. Follow these steps to accurately fill out the form.

  1. Begin by entering the date of the sale in the designated space at the top of the form.
  2. Next, provide the name and address of the seller. Ensure that this information is accurate and complete.
  3. In the following section, fill in the buyer's name and address. Double-check for any spelling errors.
  4. Locate the section for the aircraft description. Here, you will need to include the aircraft make, model, year, and the aircraft's serial number.
  5. In the next field, specify the registration number of the aircraft.
  6. Indicate the purchase price of the aircraft. This should reflect the agreed-upon amount between the buyer and seller.
  7. Both the seller and buyer must sign and date the form. Ensure that the signatures are clear and legible.
  8. Finally, make a copy of the completed form for your records before submitting it to the appropriate authorities.

With the Aircraft Bill of Sale AC 8050-2 form filled out correctly, you are now ready to proceed with the next steps in the ownership transfer process. Ensure that all parties retain copies of the signed document for their records.

Misconceptions

The Aircraft Bill of Sale AC 8050-2 form is an essential document for anyone involved in the buying or selling of aircraft. However, several misconceptions surround this form that can lead to confusion. Here are seven common misunderstandings:

  1. It is only necessary for large aircraft.

    Many people believe that the AC 8050-2 form is only required for larger aircraft. In reality, this form is necessary for all aircraft transactions, regardless of size. Whether you are buying a small private plane or a large commercial jet, proper documentation is crucial.

  2. Only the seller needs to sign the form.

    Some assume that only the seller's signature is required on the bill of sale. However, both the buyer and the seller must sign the AC 8050-2 form to validate the transaction. This mutual agreement protects the interests of both parties.

  3. It does not need to be notarized.

    There is a belief that notarization is unnecessary for the AC 8050-2 form. While notarization is not a strict requirement, having the document notarized adds an extra layer of authenticity and can help prevent disputes in the future.

  4. It is the same as a purchase agreement.

    Many people confuse the Aircraft Bill of Sale with a purchase agreement. The bill of sale serves as a record of the transaction, while the purchase agreement outlines the terms and conditions of the sale. Both documents are important, but they serve different purposes.

  5. It can be completed after the sale.

    Some believe that they can fill out the AC 8050-2 form after the transaction has taken place. This is not advisable. The form should be completed and signed at the time of the sale to ensure that the transfer of ownership is documented correctly.

  6. It is only relevant in the U.S.

    There is a misconception that the AC 8050-2 form is only applicable within the United States. While it is a U.S. form, international buyers and sellers may also need to consider it, especially if the aircraft will be registered in the U.S. or if it has been previously registered there.

  7. Filing the form is the only requirement for ownership transfer.

    Some think that submitting the AC 8050-2 form is sufficient for transferring ownership. However, it is just one step in the process. Other requirements, such as registering the aircraft with the FAA, must also be completed to finalize the transfer.

Understanding these misconceptions can help ensure a smoother transaction when buying or selling an aircraft. Proper documentation and awareness of the requirements are key to protecting your interests.

Aircraft Bill of Sale AC 8050-2 Example

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)

Key takeaways

When filling out and using the Aircraft Bill of Sale AC 8050-2 form, keep the following key takeaways in mind:

  1. Complete all sections accurately. Ensure that all required fields are filled out with precise information. This includes details about the buyer, seller, and the aircraft itself.
  2. Signatures are essential. Both the buyer and seller must sign the form. Without these signatures, the document may not be considered valid.
  3. Notarization is recommended. While not always required, having the document notarized can provide an extra layer of authenticity and can help prevent disputes later on.
  4. Keep copies for records. After completing the form, make sure to retain copies for your personal records. This will be helpful for future reference or in case of any legal issues.

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Dos and Don'ts

When filling out the Aircraft Bill of Sale AC 8050-2 form, it is essential to approach the process with care. The following guidelines will help ensure that the form is completed correctly and efficiently.

  • Do ensure all required fields are filled out completely.
  • Do use clear and legible handwriting or type the information.
  • Do double-check the serial number of the aircraft for accuracy.
  • Do include the full names and addresses of both the buyer and seller.
  • Do sign and date the form where indicated.
  • Don't leave any fields blank; if a field does not apply, indicate that clearly.
  • Don't use correction fluid or tape to alter the form; any mistakes should be crossed out and initialed.
  • Don't forget to include the purchase price of the aircraft.
  • Don't submit the form without retaining a copy for your records.

Similar forms

The Aircraft Bill of Sale AC 8050-2 form serves a crucial role in the transfer of ownership for aircraft, much like a traditional vehicle title. When you buy or sell a car, the title is the document that proves ownership and allows for the legal transfer of that ownership. Similarly, the Aircraft Bill of Sale provides a clear record of the transaction between the buyer and seller. It includes essential details such as the aircraft's make, model, and serial number, ensuring that all parties have a mutual understanding of what is being sold. This document is vital for registering the aircraft with the Federal Aviation Administration (FAA), just as a vehicle title is necessary for registering a car with the Department of Motor Vehicles (DMV).

Another document that parallels the Aircraft Bill of Sale is the Real Estate Deed. When purchasing property, a deed is the legal instrument that conveys ownership from the seller to the buyer. Like the Aircraft Bill of Sale, a deed must be executed and often notarized to ensure its validity. Both documents serve as proof of ownership and contain specific details about the item being transferred, whether it’s a piece of land or an aircraft. The deed, much like the bill of sale, is recorded in public records, providing transparency and protecting the rights of the new owner.

In the realm of personal property transactions, having a formalized document like the Texas Bill of Sale is crucial. This legal form not only affirms the transfer of ownership between individuals but also safeguards the rights of both the buyer and the seller. Similar to other ownership documents, such as the security agreement or lease agreement, it outlines essential details that are necessary for a clear understanding of the sale. For those looking to create their own bill of sale, resources are available, including Texas PDF Templates which facilitate this process.

The Uniform Commercial Code (UCC) Financing Statement is also similar in function to the Aircraft Bill of Sale. While the bill of sale documents the sale of an aircraft, a UCC Financing Statement is used to establish a secured party's interest in personal property, including aircraft. This document is filed with the appropriate state authority to notify creditors of the secured interest. Both documents help clarify ownership and financial obligations, ensuring that buyers and sellers are aware of any liens or encumbrances that may affect the asset being transferred.

Lastly, the Vessel Bill of Sale shares similarities with the Aircraft Bill of Sale. Just as the Aircraft Bill of Sale is essential for transferring ownership of an aircraft, the Vessel Bill of Sale serves the same purpose for boats and other watercraft. Both documents provide a detailed account of the transaction, including identification information about the vessel or aircraft. They are crucial for registering the craft with the appropriate authorities, ensuring that the new owner can legally operate and maintain the asset. In both cases, these bills of sale protect the interests of buyers and sellers alike, fostering trust in the transaction process.