The Aircraft Bill of Sale AC 8050-2 form is an official document used in the United States to record the sale and transfer of an aircraft. It serves as a crucial piece of evidence, proving ownership and facilitating the process of registering the aircraft with the Federal Aviation Administration (FAA). Without this form, the new owner may face challenges in establishing legal ownership and obtaining the necessary operational permissions.
When embarking on the sale or purchase of an aircraft, the Aircraft Bill of Sale AC 8050-2 form plays a pivotal role in the transaction. This document is not just a mere formality but a vital legal document that solidifies the transfer of ownership from the seller to the buyer. It encompasses all the necessary details regarding the aircraft, ranging from its description to the terms of sale, ensuring every aspect of the transaction is transparent and legally binding. The proper completion and submission of this form not only facilitate a smooth transfer of ownership but also serve as an essential record for both regulatory compliance and personal record-keeping. As one navigates through the complexities of an aircraft sale, understanding the nuances and importance of the Aircraft Bill of Sale AC 8050-2 form becomes imperative for a seamless and secure exchange.
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 a crucial step in the transaction process of buying or selling an aircraft. This document rigorously records the transfer of ownership, ensuring both parties have legal documentation of the sale. The following steps are designed to guide you through the form, mitigating the risk of common errors and omissions. By ensuring the accurate completion of this form, you are one step closer to finalizing the transaction, moving towards a smooth transition of ownership.
Upon completion, this form should be submitted to the appropriate authorities as part of the aircraft registration process. The transfer of ownership is not complete until the form has been processed and accepted. By following these steps carefully, you help pave the way for a legally sound and efficient transition of the aircraft from seller to buyer.
What is the Aircraft Bill of Sale AC 8050-2 form?
The Aircraft Bill of Sale AC 8050-2 form is a document used in the United States to record the sale and transfer of an aircraft from the seller to the buyer. This formal document is essential for establishing the legal ownership of the aircraft and is required by the Federal Aviation Administration (FAA) for the registration process.
Who needs to fill out the Aircraft Bill of Sale AC 8050-2 form?
Both the seller and the buyer of an aircraft must fill out the Aircraft Bill of Sale AC 8050-2 form. The seller is responsible for providing accurate information about the aircraft and the sale, while the buyer needs to ensure that the form is submitted to the FAA for registration purposes.
Where can I find the Aircraft Bill of Sale AC 8050-2 form?
The Aircraft Bill of Sale AC 8050-2 form can be obtained from the official website of the Federal Aviation Administration (FAA). It is available for download in a printable format so it can be filled out manually.
What information is required on the Aircraft Bill of Sale AC 8050-2 form?
The form requires detailed information about the sale, including the name and address of both the seller and the buyer, a description of the aircraft (make, model, serial number, registration number), and the sale price. Both parties must also sign and date the form to validate the sale.
How do I submit the completed Aircraft Bill of Sale AC 8050-2 form?
Once completed and signed, the Aircraft Bill of Sale AC 8050-2 form must be submitted to the FAA. This can be done either by mailing it to the FAA's Aircraft Registration Branch or by submitting it in person at an FAA field office. Digital submissions are not currently accepted.
Is there a fee to submit the Aircraft Bill of Sale AC 8050-2 form?
Yes, submitting the Aircraft Bill of Sale AC 8050-2 form to the FAA requires a processing fee. The specific amount can vary, so it's important to check the latest fee schedule on the FAA's website. The fee supports the administrative cost of processing the sale and registration.
What happens after I submit the Aircraft Bill of Sale AC 8050-2 form?
After the Aircraft Bill of Sale AC 8050-2 form is submitted, the FAA will process the sale and update the aircraft's registration records to reflect the new ownership. The buyer will receive an official certificate of registration, usually within a few weeks, confirming their legal ownership of the aircraft.
Filling out the Aircraft Bill of Sale AC 8050-2 form serves as a crucial step in the aircraft sales process, yet many individuals encounter common pitfalls. Recognizing these mistakes can substantially smooth the transition of ownership, ensuring all legalities are properly addressed.
One notable mistake made during the completion of the form is neglecting to verify the accuracy of the aircraft's registration number. This crucial identifier must match the Federal Aviation Administration's records exactly. Any discrepancy between the number on the Bill of Sale and that which is recorded can invalidate the document, leading to delays or complications in the registration process.
Another frequent error is failing to correctly identify the seller and buyer. It’s essential that the names of both parties are spelled exactly as they appear in their government-issued identification. This means double-checking for typos or incorrect use of business names versus personal names, especially in situations where a trust or corporation is involved. Misidentification can create significant hurdles in establishing legal ownership.
Overlooking the requirement to have the document witnessed and/or notarized is a further mistake. Depending on the jurisdiction, the Bill of Sale may need to be either witnessed, notarized, or both, to be considered legally binding. This step authenticates the signatures on the document, adding a layer of official oversight that many mistakenly bypass, jeopardizing the document’s validity.
Underestimating the importance of detailing the payment terms is also common. It's not enough to simply state the purchase price; how and when the payment is to be made are details that need to be clearly outlined. This can include whether the payment is in cash, through a loan, or if there are installments. Such oversight can lead to misunderstandings or legal disputes later on.
Last but not least, the mistake of not filing the completed form with the FAA in a timely manner can lead to issues. Once the sale is finalized and the document is fully executed, submitting it to the FAA is imperative for the registration process. Delays in filing can result in the aircraft being improperly registered, complicating matters for the new owner.
In the process of buying or selling an aircraft, the Aircraft Bill of Sale AC 8050-2 form is a critical document. However, to successfully navigate this transaction, several other forms and documents are often needed to ensure compliance with legal and regulatory requirements. These documents play a vital role in ensuring the transfer is not only official but also adequately recorded and acknowledged by the necessary authorities. Here are some of the commonly required documents that accompany the Aircraft Bill of Sale AC 8050-2.
Each of these documents serves its unique purpose in the transaction process, ensuring that all aspects of the sale comply with federal regulations and legal standards. By systematically acquiring and submitting these documents, buyers and sellers can facilitate a seamless transfer of ownership, ensuring the aircraft is legally registered, airworthy, and free of any encumbrances that could complicate the transaction.
The Automobile Bill of Sale is similar to the Aircraft Bill of Sale AC 8050-2, as both serve as legal documents acknowledging the transfer of ownership from seller to buyer. This document is crucial during the sale of a vehicle, ensuring that the transaction is recognized officially. It typically contains details about the vehicle, the sale price, and the identities of the parties involved, mirroring the purpose and structure found in the aircraft form.
A Vessel Bill of Sale shares similarities with the Aircraft Bill of Sale AC 8050-2, in that it is used to document the sale and transfer of ownership of a boat or other maritime vessels. Like its aircraft counterpart, this document includes important information such as the vessel’s description, the parties' details, and the transaction terms, establishing a legal record of the sale.
The Real Estate Bill of Sale is akin to the Aircraft Bill of Sale because it formalizes the transfer of property rights from one individual to another. Though it deals with real estate rather than aircraft, its core function of legitimizing the sale and ensuring a smooth transfer of ownership under the law is fundamentally the same. It typically involves detailed information regarding the property, the sale amount, and the participating individuals.
A Firearm Bill of Sale is similar to the Aircraft Bill of Sale AC 8050-2 as it is a specialized document used to record the sale of a firearm from a seller to a buyer. It serves not only as a receipt for the transaction but also as a protective legal document that verifies the legitimacy of the transfer, detailing the firearm's make, model, and serial number, along with the buyer's and seller's information. This parallel ensures that the transaction adheres to legal standards, much like the aircraft sale form.
The Business Bill of Sale is akin to the Aircraft Bill of Sale AC 8050-2, focusing on the transfer of ownership of a business rather than an aircraft. This document highlights the sale's specifics, including the business's assets, the sale price, and both parties' information. Its primary function is to establish a legal record that the business has been officially transferred to a new owner, ensuring that all assets are accounted for in the transaction.
The Equipment Bill of Sale closely resembles the Aircraft Bill of Sale AC 8050-2 as it documents the sale and transfer of ownership of equipment. Similar to the Aircraft Bill of Sale, it details the equipment being sold, the purchase price, and the buyer's and seller's information, providing a legal acknowledgment of the transfer and ensuring that both parties are aware of the terms and conditions of the sale.
The Horse Bill of Sale is similar to the Aircraft Bill of Sale AC 8050-2 in its purpose to record the sale of a horse, capturing the details of the transaction between seller and buyer. It includes information about the horse (such as breed, age, and health), the sale price, and the identities of the involved parties. This document, much like the aircraft form, is essential for officially recognizing the change in ownership and protecting the rights of both parties.
An Artwork Bill of Sale functions similarly to the Aircraft Bill of Sale AC 8050-2, as it officially documents the sale and transfer of ownership of a piece of art. It contains details about the artwork, the transaction terms, and the parties involved. Its role in confirming the legality of the transfer and establishing a clear record of the sale’s specifics aligns it closely with the aircraft form’s objectives.
The Livestock Bill of Sale parallels the Aircraft Bill of Sale AC 8050-2 in serving as an official document that records the sale and transfer of ownership of livestock between two parties. This document typically includes specifics about the livestock being sold, the purchase price, and the seller's and buyer's information, ensuring that the transaction is not only recognized but also legally binding, just like in aircraft sales.
When completing the Aircraft Bill of Sale AC 8050-2 form, it's crucial to adhere to specific guidelines. These guidelines help ensure accuracy, legality, and timely processing of the document. Below are lists of things you should and shouldn't do when filling out this form.
Do:
Don't:
When it comes to the Aircraft Bill of Sale AC 8050-2 form, there are numerous misconceptions that people commonly hold. Clearing up these misconceptions can help individuals navigate the process of selling or buying an aircraft more smoothly. Here are ten of the most prevalent misunderstandings:
It's Just Like a Car Bill of Sale: Many people assume that the Aircraft Bill of Sale AC 8050-2 is similar to a vehicle bill of sale. However, the requirements and legal implications are quite different due to the nature of aircraft ownership and the federal registration process.
Anyone Can Fill It Out: While it's true that both the buyer and seller need to provide information, the form must be filled out correctly and completely to be accepted by the Federal Aviation Administration (FAA). Mistakes can lead to delays or rejection.
No Legal Advice Needed: Given the complexity and potential legal implications of the sale, having legal counsel can be very beneficial, especially in clarifying terms and ensuring that all federal requirements are met.
Only Needed for Complete Aircraft: This form is required for the sale of complete aircraft as well as for airframes, engines, propellers, or any other major component if it's being sold separately.
It's a Public Document: While the completed form does become part of the public record at the FAA, personal information is protected. It is important to understand what information will be publicly accessible.
Doesn't Need to Be Original: The FAA requires that the submitted Aircraft Bill of Sale AC 8050-2 form be an original document. Copies are not acceptable for official registration purposes.
No Witness or Notarization Required: Though the FAA does not require the form to be notarized, some states may require notarization for the bill of sale to be valid. Verifying state requirements is an important step.
One Form Fits All: The notion that a single form can cater to all transactions is incorrect. Details such as ownership type (e.g., sole owner, partnership, corporate entity) can affect how the form should be completed.
Immediate Transfer of Ownership: Completing the form does not instantly transfer ownership. The FAA must process and record the sale, which can take some time. Until then, the seller is technically still the owner.
Electronic Submission is Allowed: Currently, the FAA requires the original signed document to be mailed in for the registration process. Electronic submission is not an available option for this form.
Understanding these misconceptions can facilitate a smoother transaction process, minimize legal risks, and ensure compliance with FAA regulations. Remember, when in doubt, consulting with a professional knowledgeable about aviation law can provide invaluable guidance.
When completing the Aircraft Bill of Sale AC 8050-2 form, it's important to grasp its role in the ownership transfer process of an aircraft. This document serves as a crucial piece of evidence confirming that the aircraft has legally changed hands. Below are key takeaways to consider during this important transaction:
Following these guidelines when filling out the Aircraft Bill of Sale AC 8050-2 form can simplify the process, ensuring a smooth and legally sound transfer of aircraft ownership.
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