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Official Aircraft Bill of Sale AC 8050-2 Form in PDF

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 a legal record, ensuring that the sale is properly documented and recognized by the Federal Aviation Administration (FAA). Understanding its purpose and requirements is essential for both buyers and sellers in the aviation industry.

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Official Aircraft Bill of Sale AC 8050-2 Form in PDF

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The Aircraft Bill of Sale AC 8050-2 form serves as a crucial document in the process of transferring ownership of an aircraft. This form is essential for both buyers and sellers, as it provides a clear and legally recognized record of the transaction. Key elements of the form include the identification of the aircraft by its make, model, and serial number, ensuring that all parties are aware of the specific aircraft involved in the sale. Additionally, the form requires the signatures of both the seller and the buyer, which signifies their agreement to the terms of the sale. The date of the transaction must also be included, marking the official transfer of ownership. Furthermore, the AC 8050-2 form must be submitted to the Federal Aviation Administration (FAA) to update the aircraft's registration records, making it a vital step in the ownership transition process. Understanding the importance of this form can help streamline the buying and selling process, ensuring compliance with federal regulations and protecting the interests of both parties involved.

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Steps to Using Aircraft Bill of Sale AC 8050-2

Completing the Aircraft Bill of Sale AC 8050-2 form is a straightforward process that requires careful attention to detail. Once the form is filled out, it will serve as an official record of the sale, which is crucial for both the buyer and the seller. Ensure that all information is accurate and legible to avoid any issues in the future.

Obtain a copy of the Aircraft Bill of Sale AC 8050-2 form. This can typically be downloaded from the Federal Aviation Administration (FAA) website.
Begin by filling in the seller's information. This includes the name, address, and signature of the seller. Make sure to print clearly.
Next, enter the buyer's information. Similar to the seller, include the name and address of the buyer. The buyer must also sign the form.
Provide details about the aircraft. This includes the make, model, year of manufacture, and the aircraft's serial number. Accuracy is key here.
Indicate the date of the sale. This is the date when the transaction is finalized and should be written clearly.
State the purchase price of the aircraft. This should be the agreed amount between the buyer and seller.
Review the completed form for any errors or omissions. Double-check all names, addresses, and numbers.
Once everything is verified, submit the form to the FAA along with any required fees, if applicable. Keep a copy for your records.

Key takeaways

When filling out and using the Aircraft Bill of Sale AC 8050-2 form, it’s essential to keep several key points in mind. This form serves as a crucial document for the transfer of ownership of an aircraft.

Accurate Information: Ensure that all details, including the aircraft's make, model, and serial number, are filled out correctly. Any inaccuracies can lead to complications in the ownership transfer process.
Signatures Required: Both the seller and buyer must sign the form. This confirms that both parties agree to the terms of the sale and acknowledges the transfer of ownership.
Consider Notarization: While notarization is not mandatory, having the document notarized can add an extra layer of credibility and may be required by some states or financial institutions.
Keep Copies: After completing the form, retain copies for your records. This will be helpful for future reference and can serve as proof of ownership if needed.

Misconceptions

The Aircraft Bill of Sale AC 8050-2 form is essential for anyone involved in buying or selling an aircraft. However, several misconceptions surround this important document. Let’s clarify these misunderstandings to ensure a smoother transaction process.

Misconception 1: The form is only necessary for large commercial aircraft.

This is not true. The AC 8050-2 form is required for all types of aircraft, regardless of size or purpose. Whether it's a small private plane or a large commercial jet, this form is crucial for the legal transfer of ownership.

Misconception 2: Completing the form is a complicated process.

While it may seem daunting at first, the form is designed to be straightforward. With clear instructions, most people can complete it without professional help. Taking the time to read the guidelines can simplify the process significantly.

Misconception 3: You don’t need a bill of sale if you have a purchase agreement.

A purchase agreement is important, but it does not replace the need for a bill of sale. The AC 8050-2 serves as the official record of ownership transfer, which is necessary for registration with the FAA.

Misconception 4: The form must be notarized to be valid.

Notarization is not a requirement for the Aircraft Bill of Sale AC 8050-2. While having a notary can add an extra layer of authenticity, it is not mandated by the FAA.

Misconception 5: You can use any bill of sale template instead of the AC 8050-2 form.

This is incorrect. The FAA specifically requires the use of the AC 8050-2 form for aircraft transactions. Using another template may lead to issues with registration.

Misconception 6: The seller must submit the form to the FAA.

Actually, it is the buyer's responsibility to submit the completed form to the FAA. This ensures that the new owner is officially recognized and that the aircraft's registration is updated.

Misconception 7: You can only fill out the form in person.

In today’s digital age, many transactions can be handled online. While the form itself must be printed and signed, the entire transaction process can often be managed remotely, making it convenient for both parties.

Understanding these misconceptions can help you navigate the process of buying or selling an aircraft more effectively. Always ensure you have the correct documentation to protect your investment and facilitate a smooth transaction.

Preview - Aircraft Bill of Sale AC 8050-2 Form

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	N
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)

Document Specs

Fact Name	Description
Purpose	The Aircraft Bill of Sale AC 8050-2 form is used to document the sale of an aircraft. It provides proof of ownership transfer from the seller to the buyer.
Required Information	The form requires details such as the aircraft's make, model, and serial number, as well as the names and addresses of both the buyer and the seller.
Filing	While the form itself does not need to be filed with the FAA, it is important for the buyer to keep it for their records. It may be necessary for future registrations.
Governing Law	The sale of aircraft is primarily governed by federal law, but state-specific regulations may apply depending on the location of the sale.
Signature Requirement	The form must be signed by both the seller and the buyer. Their signatures validate the transaction and confirm the details provided are accurate.