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Misconceptions
Understanding the Aircraft Bill of Sale AC 8050-2 form is crucial for anyone involved in the sale or purchase of an aircraft. However, several misconceptions can lead to confusion. Here are six common misconceptions:
- It is only necessary for large commercial aircraft. Many believe this form is only for big planes, but it applies to all aircraft, regardless of size.
- The form is not legally binding. Some think that the AC 8050-2 is just a formality, but it serves as a legal document that establishes ownership.
- Only the seller needs to sign it. There is a belief that only the seller’s signature is required, but both the buyer and seller must sign the form for it to be valid.
- It can be filled out after the sale is completed. Many assume that it can be completed at any time, but it should be filled out during the transaction to ensure proper record-keeping.
- It is the same as a bill of sale for other types of property. Some think it functions like a regular bill of sale, but it has specific requirements and details unique to aircraft.
- It does not need to be filed with any authority. There is a misconception that the form is just for personal records, but it should be submitted to the FAA to officially document the transfer of ownership.
Being aware of these misconceptions can help ensure a smoother transaction process. Understanding the requirements and implications of the Aircraft Bill of Sale AC 8050-2 form is essential for both buyers and sellers.
Detailed Steps for Filling Out Aircraft Bill of Sale AC 8050-2
After completing the Aircraft Bill of Sale AC 8050-2 form, you will need to submit it to the appropriate authority for processing. Make sure to keep a copy for your records. Below are the steps to fill out the form correctly.
- Begin by entering the date of the sale at the top of the form.
- In the "Seller" section, provide the full name and address of the seller. Ensure that the information is accurate and legible.
- Next, fill in the "Buyer" section with the full name and address of the buyer. Double-check for any typos.
- In the "Aircraft Description" section, include the make, model, year of manufacture, and the aircraft's serial number.
- Indicate the aircraft's registration number in the designated field.
- Fill in the purchase price of the aircraft. Be clear about the amount.
- Both the seller and buyer must sign the form. Ensure that the signatures are dated.
- Finally, if applicable, include any additional information or conditions related to the sale in the remarks section.
Document Preview
OMB Control No.
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
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
When a trade name is shown as the purchaser or seller, the name of the individual owner or
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
AC Form
UNITED STATES OF AMERICA |
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OMB Control No. |
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U.S. DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION |
Exp. 03/31/2024 |
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AIRCRAFT BILL OF SALE |
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FOR AND IN CONSIDERATION OF $ |
THE |
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UNDERSIGNED OWNER(S) OF THE FULL LEGAL AND |
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BENEFICIAL TITLE OF THE AIRCRAFT DESCRIBED |
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AS FOLLOWS: |
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UNITED STATES |
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REGISTRATION NUMBER |
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AIRCRAFT MANUFACTURER & MODEL |
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AIRCRAFT SERIAL NO. |
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DOES THIS |
DAY OF |
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HEREBY SELL, GRANT, TRANSFER AND |
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DELIVER ALL RIGHTS, TITLE, AND INTERESTS |
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IN AND TO SUCH AIRCRAFT UNTO: |
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Do Not Write In This Block |
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FOR FAA USE ONLY |
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NAME AND ADDRESS |
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(IF INDIVIDUAL(S), GIVE LAST NAME, FIRST NAME, AND MIDDLE INITIAL.) |
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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 |
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NAME(S) OF SELLER |
SIGNATURE(S) |
TITLE |
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(TYPED OR PRINTED) |
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(IN INK) (IF EXECUTED FOR |
(TYPED OR PRINTED) |
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SELLER |
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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
OMB Control No.
Exp. 03/31/2024
PRIVACY ACT OF 1974 (PL
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,
(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
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Dos and Don'ts
When filling out the Aircraft Bill of Sale AC 8050-2 form, attention to detail is crucial. Here are some important dos and don'ts to keep in mind:
- Do ensure all fields are completed accurately.
- Do use clear and legible handwriting or type the information.
- Do include the correct aircraft make, model, and serial number.
- Do sign and date the form in the appropriate sections.
- Don't leave any required fields blank.
- Don't use correction fluid or tape on the form.
- Don't submit the form without verifying all information is correct.
- Don't forget to keep a copy for your records.
Key takeaways
When filling out and using the Aircraft Bill of Sale AC 8050-2 form, several key points should be considered to ensure compliance and accuracy.
- The form must be completed in its entirety. Missing information can lead to delays in processing.
- Ensure that the names of both the seller and buyer are clearly printed. This helps in establishing clear ownership transfer.
- Provide the aircraft's complete description, including make, model, and serial number. This information is crucial for identification purposes.
- Signatures of both parties are required. Without signatures, the document is not valid.
- Consider having the document notarized. While not mandatory, notarization can add an extra layer of authenticity.
- Submit the completed form to the Federal Aviation Administration (FAA) to officially record the transfer of ownership.
By following these guidelines, individuals can facilitate a smoother transaction process and ensure that all legal requirements are met.
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 from one party to another. They typically include details about the seller and buyer, along with a description of the vehicle or aircraft being sold. This ensures that the transaction is documented and can be referred to in the future if necessary. Just like the Aircraft Bill of Sale, the Vehicle Bill of Sale is often required for registration purposes with state authorities.
Another document that resembles the Aircraft Bill of Sale is the Boat Bill of Sale. This form is used when a boat is sold, capturing essential information about the buyer, seller, and the boat itself. Both documents help protect the rights of both parties involved in the sale. They also serve as legal evidence of the transaction, which can be useful for tax purposes or disputes that may arise later.
The Real Estate Purchase Agreement shares similarities with the Aircraft Bill of Sale as well. This agreement outlines the terms of a property sale, including the parties involved, the property description, and the sale price. Like the Aircraft Bill of Sale, it serves to formalize the transfer of ownership and provides a clear record of the transaction. Both documents are often required for legal and financial reasons, ensuring that all parties understand their rights and obligations.
The Personal Property Bill of Sale is another document that parallels the Aircraft Bill of Sale. This form is used for the sale of personal items, such as furniture or electronics. It includes similar details about the seller, buyer, and the item being sold. Both documents act as a receipt and proof of ownership transfer, making it easier for buyers to claim their property and for sellers to document the sale.
The Mobile Home Bill of Sale is akin to the Aircraft Bill of Sale in that it facilitates the transfer of ownership of a mobile home. This document includes information about the mobile home, the buyer, and the seller. Just like the Aircraft Bill of Sale, it provides a clear record of the transaction and may be required for registration or titling purposes.
The Motorcycle Bill of Sale is also similar to the Aircraft Bill of Sale. This document is used when a motorcycle is sold and includes important details about both the buyer and seller, as well as a description of the motorcycle. Both forms serve to protect the interests of both parties and provide a legal record of the transaction.
The RV Bill of Sale shares characteristics with the Aircraft Bill of Sale as well. This document is specifically for the sale of recreational vehicles. It captures the necessary details about the RV, the buyer, and the seller. Both documents serve as proof of ownership transfer and are often required for registration and titling with state agencies.
The Equipment Bill of Sale is another document that resembles the Aircraft Bill of Sale. This form is used when selling equipment, such as machinery or tools. It includes similar information about the seller, buyer, and the equipment being sold. Both documents provide a clear record of the transaction and help protect the rights of both parties involved.
The Farm Equipment Bill of Sale is also similar to the Aircraft Bill of Sale. This document is specifically for the sale of agricultural equipment. It includes details about the buyer, seller, and the equipment itself. Like the Aircraft Bill of Sale, it serves as a legal record of the transaction and can be important for tax and ownership verification purposes.
Lastly, the Livestock Bill of Sale is akin to the Aircraft Bill of Sale. This document is used when livestock is sold and includes information about the buyer, seller, and the animals being transferred. Both documents provide a legal framework for the transaction, ensuring that all parties understand their rights and responsibilities.
Documents used along the form
The Aircraft Bill of Sale AC 8050-2 form is a crucial document in the transfer of ownership for an aircraft. However, it is often accompanied by other forms and documents that help facilitate a smooth transaction. Below is a list of commonly used documents that complement the Aircraft Bill of Sale.
- Aircraft Registration Application (AC 8050-1): This form is used to register the aircraft with the Federal Aviation Administration (FAA). It provides essential details about the aircraft and its new owner.
- Aircraft Title Search: Conducting a title search ensures that the aircraft is free of liens and encumbrances. This document verifies the ownership history and any potential claims against the aircraft.
- FAA Form 337: This form is required for major repairs or alterations made to the aircraft. It documents the work performed and ensures compliance with FAA regulations.
- Bill of Sale for Aircraft Engines (if applicable): When an aircraft engine is sold separately, this document serves to transfer ownership of the engine. It is similar to the Aircraft Bill of Sale but specific to the engine.
- Maintenance Records: These records provide a history of the aircraft’s maintenance and repairs. They are essential for the new owner to understand the aircraft's condition and compliance with safety regulations.
- Insurance Certificate: This document proves that the aircraft is insured. It is often required by lenders and can be critical for the new owner to secure financing.
- Power of Attorney: If the seller is unable to complete the transaction in person, a Power of Attorney allows another person to act on their behalf. This document must be properly executed to be valid.
These documents work together to ensure that the ownership transfer process is clear and legally sound. Having all necessary paperwork in order can prevent delays and complications, making the transaction smoother for everyone involved.