The Aircraft Bill of Sale AC 8050-2 form is a crucial document used to transfer ownership of an aircraft in the United States. This form provides essential details about the aircraft and the parties involved in the transaction. Understanding its importance can help ensure a smooth transfer process.
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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 recognized by the Federal Aviation Administration (FAA) and serves as proof of the sale and transfer of title. It includes essential details such as the aircraft's make, model, and serial number, as well as information about the buyer and seller.
Both the seller and the buyer of the aircraft must complete the Aircraft Bill of Sale AC 8050-2 form. The seller provides information about the aircraft and confirms the sale, while the buyer acknowledges the purchase. It is crucial for both parties to ensure that the information is accurate to avoid any future disputes regarding ownership.
The Aircraft Bill of Sale AC 8050-2 form can be obtained from the FAA's website or through various aviation-related organizations. It is often available as a downloadable PDF. Ensure that you are using the most current version of the form, as outdated forms may not be accepted.
There is no fee for completing the Aircraft Bill of Sale AC 8050-2 form itself. However, if you plan to register the aircraft with the FAA after the sale, there may be fees associated with that registration process. It is advisable to check the FAA's website for the most current fee schedule.
After completing the Aircraft Bill of Sale AC 8050-2 form, both the buyer and seller should retain copies for their records. The buyer should then proceed to register the aircraft with the FAA, which may involve submitting the completed bill of sale along with other required documentation. Proper registration is important for establishing legal ownership and ensuring compliance with aviation regulations.
The Aircraft Bill of Sale AC 8050-2 form is a crucial document in the transfer of ownership for aircraft. However, several other forms and documents often accompany it to ensure a smooth transaction and compliance with regulations. Below is a list of these important documents, each serving a specific purpose.
Having these documents ready and organized can facilitate a smoother transaction process. Ensuring compliance with all necessary regulations and requirements is essential for both buyers and sellers in the aviation industry.
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.
Filling out the Aircraft Bill of Sale AC 8050-2 form can be straightforward, but many people make common mistakes that can lead to delays or complications. One frequent error is not including all required signatures. Both the seller and the buyer must sign the form. If one signature is missing, the document may be considered incomplete.
Another mistake occurs when individuals fail to provide accurate aircraft details. This includes the aircraft's make, model, and serial number. Missing or incorrect information can cause issues with registration and ownership transfer. Always double-check these details before submitting the form.
People often overlook the importance of the date. Failing to include the date of the sale can lead to confusion about when the transaction took place. This date is crucial for legal and tax purposes, so be sure to fill it in correctly.
Additionally, some individuals do not use the proper format for the buyer and seller's names. Names should be written clearly and in full, without abbreviations. Inaccurate names can create problems later on, especially if disputes arise.
Another common mistake is neglecting to provide the correct payment information. If the payment method is not clearly stated, it can lead to misunderstandings between the buyer and seller. It is important to specify whether the payment was made in cash, check, or another form.
Some people forget to include any liens or encumbrances on the aircraft. If there are existing debts or claims against the aircraft, these should be disclosed in the form. Failure to do so can lead to legal issues down the line.
Another error is using white-out or crossing out information on the form. This practice can make the document look unprofessional and may raise questions about its validity. If a mistake is made, it’s better to start over with a new form.
Many individuals also forget to keep a copy of the completed form for their records. Having a copy can be important for future reference, especially if any disputes arise or if proof of sale is needed later.
Finally, some people submit the form without checking for any additional requirements specific to their state or local jurisdiction. Each area may have its own regulations regarding aircraft sales, so it’s essential to be aware of these before finalizing the sale.
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