Blank Aircraft Bill of Sale AC 8050-2 Template

The Aircraft Bill of Sale AC 8050-2 form is a crucial document used to transfer ownership of an aircraft from one party to another. This form provides essential details about the aircraft, including its make, model, and serial number, ensuring a clear record of the transaction. Understanding how to properly fill out this form is vital for both buyers and sellers to protect their interests.

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Blank Aircraft Bill of Sale AC 8050-2 Template

Article Structure

The Aircraft Bill of Sale AC 8050-2 form serves as a crucial document in the aviation industry, facilitating the transfer of ownership for aircraft in a clear and legally binding manner. This form is essential for both buyers and sellers, providing a straightforward way to record the transaction details, including the identification of the aircraft, the purchase price, and the names and addresses of both parties involved. Notably, it also includes a statement regarding the seller's authority to sell the aircraft, ensuring that the transaction is legitimate and protecting the interests of the buyer. Additionally, the AC 8050-2 form must be signed in the presence of a notary public, adding an extra layer of verification to the process. By properly completing and filing this form, individuals can navigate the complexities of aircraft ownership transfer with confidence, ensuring compliance with federal regulations and safeguarding their investment in aviation assets.

Form Sample

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)

⇩ PDF

Document Specifications

Fact Name	Description
Purpose	The Aircraft Bill of Sale AC 8050-2 form is used to transfer ownership of an aircraft from one party to another.
Governing Law	This form is governed by federal aviation regulations, primarily under Title 14 of the Code of Federal Regulations (CFR).
Filing Requirement	It is recommended to file the completed form with the Federal Aviation Administration (FAA) to ensure proper registration of the aircraft.
Signatures	The form must be signed by both the seller and the buyer to be valid and legally binding.

Steps to Filling Out Aircraft Bill of Sale AC 8050-2

After completing the Aircraft Bill of Sale AC 8050-2 form, you will need to ensure that all parties involved have signed it and that it is submitted to the appropriate authorities. This step is crucial for the transfer of ownership and for maintaining accurate records.

Begin by downloading the Aircraft Bill of Sale AC 8050-2 form from the Federal Aviation Administration (FAA) website.
At the top of the form, enter the date of the sale in the designated space.
In the "Aircraft Description" section, provide detailed information about the aircraft, including the make, model, and serial number.
Fill in the "Buyer" section with the full name and address of the individual or entity purchasing the aircraft.
In the "Seller" section, include the full name and address of the individual or entity selling the aircraft.
Indicate the sale price in the appropriate box, ensuring it is clear and legible.
Both the buyer and seller must sign and date the form in the designated signature areas.
If applicable, include the printed names of both the buyer and seller beneath their signatures.
Review the completed form to ensure all information is accurate and complete.
Make copies of the signed form for your records before submitting it to the FAA.

More About Aircraft Bill of Sale AC 8050-2

What is the Aircraft Bill of Sale AC 8050-2 form?

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, detailing the specifics of the transaction, including the aircraft's make, model, and serial number.

Who needs to complete the Aircraft Bill of Sale AC 8050-2 form?

Both the seller and the buyer of the aircraft must complete the Aircraft Bill of Sale AC 8050-2 form. The seller provides the necessary information about the aircraft and confirms the sale, while the buyer acknowledges the purchase and accepts ownership.

Where can I obtain the Aircraft Bill of Sale AC 8050-2 form?

The Aircraft Bill of Sale AC 8050-2 form can be obtained from the FAA's website or through various aviation-related resources. It is available as a downloadable PDF, which can be filled out electronically or printed for manual completion.

Is the Aircraft Bill of Sale AC 8050-2 form required for all aircraft transactions?

While it is not legally required for every aircraft transaction, using the Aircraft Bill of Sale AC 8050-2 form is highly recommended. It provides a clear record of the sale and is often necessary for registering the aircraft with the FAA or for financing purposes.

What information is required on the Aircraft Bill of Sale AC 8050-2 form?

The form requires specific details, including the names and addresses of both the seller and buyer, the aircraft's description (make, model, year, and serial number), and the sale price. Both parties must sign the document to validate the transaction.

How should the Aircraft Bill of Sale AC 8050-2 form be submitted?

The completed Aircraft Bill of Sale AC 8050-2 form should be submitted to the FAA along with any other required documents for aircraft registration. It can be mailed to the appropriate FAA office or submitted electronically, depending on the FAA's current guidelines.

What happens if the Aircraft Bill of Sale AC 8050-2 form is not completed correctly?

If the form is not completed correctly, it may lead to delays in the registration process or issues with proving ownership. It is essential to ensure that all information is accurate and that both parties have signed the document to avoid complications.

Can the Aircraft Bill of Sale AC 8050-2 form be used for transferring ownership of parts?

No, the Aircraft Bill of Sale AC 8050-2 form is specifically designed for the sale of entire aircraft, not for individual parts or components. For parts transactions, different documentation may be required.

Is there a fee associated with filing the Aircraft Bill of Sale AC 8050-2 form?

There is no fee for submitting the Aircraft Bill of Sale AC 8050-2 form itself. However, there may be fees associated with registering the aircraft with the FAA or for other related services. It is advisable to check the FAA's website for the most current fee schedule.

Common mistakes

Incomplete Information: One common mistake is failing to provide all necessary details. The form requires specific information about the aircraft, including the make, model, and serial number. Omitting any of these details can lead to delays or complications in the transfer of ownership.
Incorrect Signatures: The signatures on the form must match the names of the sellers and buyers exactly as they appear on their identification documents. Any discrepancies can cause issues with the validity of the sale.
Not Notarizing the Document: Many people overlook the requirement for notarization. The Aircraft Bill of Sale AC 8050-2 must be signed in the presence of a notary public to ensure its authenticity. Without this step, the document may not be accepted by the Federal Aviation Administration (FAA).
Failing to Keep Copies: After completing the form, it is essential to make copies for both the buyer and seller. Keeping a record of the transaction is important for future reference, especially if any disputes arise regarding ownership.

Documents used along the form

The Aircraft Bill of Sale AC 8050-2 form is a crucial document used in the transfer of ownership of an aircraft. However, several other forms and documents often accompany this bill of sale to ensure a smooth and legally compliant transaction. Below is a list of these documents, each serving a specific purpose in the process.

Aircraft Registration Application (AC 8050-1): This form is used to register the aircraft with the Federal Aviation Administration (FAA) after the sale is completed. It provides necessary information about the new owner and the aircraft.
Aircraft Eligibility Statement (AC 8050-88): This document certifies that the aircraft meets the eligibility requirements for registration. It confirms that the aircraft is not subject to any liens or encumbrances.
Notice of Transfer of Ownership (AC 8050-1): This form notifies the FAA of the change in ownership. It is essential for updating the official records and ensuring that the new owner is recognized.
Power of Attorney: This document grants authority to another individual or entity to act on behalf of the buyer or seller during the transaction. It can simplify the process, especially if the parties are not present.
Bill of Sale for Aircraft Engines: If the aircraft includes engines that are sold separately, this document provides a record of the sale, including details about the engines and their condition.
Aircraft Maintenance Records: These records provide a history of the aircraft's maintenance and repairs. They are important for ensuring that the aircraft is in compliance with safety regulations and for determining its value.
Insurance Policy: Proof of insurance is often required before the transfer of ownership can be completed. This document ensures that the new owner is protected against potential liabilities.

Each of these documents plays a vital role in the aircraft ownership transfer process. Properly preparing and submitting them can help avoid complications and ensure compliance with regulatory requirements.

Similar forms

The Aircraft Bill of Sale AC 8050-2 form is similar to the Vehicle Bill of Sale. Both documents serve as proof of transfer of ownership. They detail the buyer and seller's information, describe the item being sold, and include the sale price. This ensures clarity in ownership and can be used for registration purposes with the appropriate authorities.

Another comparable document is the Real Estate Bill of Sale. This form is used when transferring ownership of personal property that is included in a real estate transaction. Like the Aircraft Bill of Sale, it outlines the parties involved, the description of the property, and the terms of the sale. Both documents protect the interests of buyers and sellers by providing a clear record of the transaction.

The Boat Bill of Sale is also similar. This document facilitates the transfer of ownership for watercraft. It includes essential details such as the boat's identification number, the names of the buyer and seller, and the sale price. Both the Boat Bill of Sale and the Aircraft Bill of Sale serve to establish legal ownership and are often required for registration with state agencies.

The Equipment Bill of Sale shares similarities as well. This form is used for the sale of heavy machinery or equipment. It outlines the specifics of the equipment, including make, model, and serial number, along with the buyer and seller's information. Just like the Aircraft Bill of Sale, it provides legal documentation of the transaction and protects both parties involved.

The Personal Property Bill of Sale is another related document. It is used for the sale of various personal items, such as furniture or electronics. This form includes details about the item, the buyer and seller, and the sale amount. Both documents ensure that ownership is officially transferred and can be used as evidence in case of disputes.

The Firearm Bill of Sale is also comparable. This document is used to transfer ownership of firearms. It includes information about the firearm, the buyer and seller's details, and the sale price. Both the Firearm Bill of Sale and the Aircraft Bill of Sale are important for legal compliance and record-keeping purposes.

The Business Asset Bill of Sale is similar in that it is used to transfer ownership of business assets. It outlines the assets being sold, the parties involved, and the terms of the sale. Both documents serve to protect the interests of the parties and provide a clear record of the transaction.

The Livestock Bill of Sale is another related document. It is used for the sale of livestock, detailing the animals being sold, the buyer and seller's information, and the sale price. Like the Aircraft Bill of Sale, it provides proof of ownership and can be important for legal and tax purposes.

The Intellectual Property Bill of Sale also bears resemblance. This document is used when ownership of intellectual property, such as patents or trademarks, is transferred. It includes details about the intellectual property, the parties involved, and the terms of the sale. Both documents establish a legal record of ownership transfer.

Finally, the Mobile Home Bill of Sale is similar. This document is used to transfer ownership of a mobile home. It includes details about the mobile home, the buyer and seller, and the sale price. Both the Mobile Home Bill of Sale and the Aircraft Bill of Sale serve to provide legal proof of ownership and protect the interests of both parties in the transaction.

Dos and Don'ts

When filling out the Aircraft Bill of Sale AC 8050-2 form, it is essential to follow specific guidelines to ensure accuracy and compliance. Below is a list of things you should and shouldn't do:

Do ensure all information is complete and accurate.
Do use blue or black ink for legibility.
Do include the correct aircraft registration number.
Do sign and date the form in the appropriate sections.
Do keep a copy of the completed form for your records.

Don't leave any fields blank; fill in all required information.
Don't use pencil or any ink color that is difficult to read.
Don't alter the form in any way; use the official version only.
Don't forget to check for any additional state requirements.
Don't submit the form without verifying all details are correct.

Misconceptions

Misconception 1: The Aircraft Bill of Sale AC 8050-2 is only needed for new aircraft.

This form is essential for both new and used aircraft transactions. It serves as proof of ownership transfer, regardless of the aircraft's age.

Misconception 2: Completing the form is optional if the aircraft is registered.

Some believe that if an aircraft is already registered, a bill of sale is unnecessary. In reality, the AC 8050-2 is a required document for the transfer of ownership, even for registered aircraft.

Misconception 3: The form must be notarized to be valid.

While notarization can add an extra layer of authenticity, it is not a requirement for the AC 8050-2 form to be legally binding. The signatures of the buyer and seller are sufficient.

Misconception 4: The Aircraft Bill of Sale is the only document needed for the sale.

In addition to the bill of sale, other documents may be necessary, such as the aircraft's registration certificate and any lien releases. It is important to gather all relevant paperwork for a smooth transaction.

Key takeaways

When dealing with the Aircraft Bill of Sale AC 8050-2 form, it is essential to understand its importance and the details required for proper completion. Here are some key takeaways to keep in mind:

The AC 8050-2 form is a legal document used to transfer ownership of an aircraft.
Accurate information is crucial. Ensure that all details about the aircraft, including the make, model, and serial number, are correct.
Both the seller and buyer must sign the form. Their signatures validate the transaction.
Include the date of the sale. This establishes when the ownership transfer occurs.
Consider notarization. While not mandatory, having the signatures notarized can add an extra layer of authenticity.
Keep a copy for your records. Both parties should retain a signed copy of the form for future reference.
Submit the form to the Federal Aviation Administration (FAA) if you want to officially record the ownership change.
Be aware of state laws. Some states may have additional requirements for aircraft sales.
Use clear and legible handwriting or type the information. This helps avoid any misunderstandings.
Review the form thoroughly before submission. Double-check for any errors or omissions to prevent delays in processing.

Understanding these key points can help facilitate a smooth transaction when buying or selling an aircraft.