The Aircraft Bill of Sale AC 8050-2 form is a crucial document used in the transfer of ownership of an aircraft. This form provides legal proof of the sale and ensures that both the buyer and seller are protected during the transaction. Understanding its purpose and proper completion is essential for anyone involved in the aviation industry.
The Aircraft Bill of Sale AC 8050-2 form plays a crucial role in the transfer of ownership for aircraft in the United States. This form serves as a legal document that outlines the details of the sale, including the identification of the aircraft, the names and addresses of both the seller and the buyer, and the purchase price. By providing a clear record of the transaction, the AC 8050-2 helps protect the rights of both parties involved. It also includes important sections for notarization, ensuring the authenticity of the signatures. Whether you are a seasoned pilot or a first-time buyer, understanding this form is essential for a smooth and compliant transfer process. Proper completion and submission of the AC 8050-2 can prevent future disputes, making it a vital step in the aircraft ownership journey. As you navigate the complexities of buying or selling an aircraft, familiarity with this form will enhance your confidence and ensure that all legal requirements are met.
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.
The Aircraft Bill of Sale AC 8050-2 form is a critical document used in the transfer of ownership for an aircraft. Several other forms and documents are often used in conjunction with this form to ensure a smooth transaction and proper record-keeping. Below is a list of these documents, along with brief descriptions of each.
Using these forms and documents alongside the Aircraft Bill of Sale AC 8050-2 helps ensure that all aspects of the aircraft transfer are properly documented and legally binding. This can prevent future disputes and streamline the ownership process.
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A Missouri Bill of Sale form is a legal document that records the transfer of ownership of personal property from one party to another. This form serves as proof of the transaction and can be crucial for both buyers and sellers. To ensure a smooth transfer, it's important to fill out the form accurately; for convenient access to the necessary documents, visit Missouri PDF Forms to get started.
Dd 214 - It provides the last duty assignment and major command information.
When dealing with the Aircraft Bill of Sale AC 8050-2 form, it is essential to understand its significance and the proper way to complete it. Here are some key takeaways to keep in mind:
Understanding these points can help ensure a smooth and legally sound transaction when buying or selling an aircraft.
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. It serves as proof of sale and outlines the details of the transaction, including the identities of the buyer and seller, the aircraft's specifications, and the sale price.
Anyone involved in the sale or purchase of an aircraft should use the AC 8050-2 form. This includes private individuals, businesses, and organizations. It is essential for ensuring that the transaction is legally recognized and that the new owner can register the aircraft with the Federal Aviation Administration (FAA).
Filling out the AC 8050-2 form requires several key pieces of information:
Once you have gathered this information, complete the form by entering it accurately. Both parties must sign the document to validate the sale.
While the AC 8050-2 form is not legally required for all transactions, it is highly recommended. Using this form provides a clear record of the sale and helps avoid disputes in the future. Additionally, the FAA requires this form for the registration of the aircraft under the new owner's name.
Failing to use the AC 8050-2 form can lead to complications. Without proper documentation, the new owner may face challenges when trying to register the aircraft or prove ownership. This could result in legal disputes or difficulties in selling the aircraft in the future.
While other forms may exist for aircraft sales, the AC 8050-2 is specifically designed for this purpose and is widely accepted by the FAA. Using a different form may complicate the registration process and could lead to issues with ownership verification.
The AC 8050-2 form can be obtained from the FAA's official website. It is available as a downloadable PDF, which you can print and fill out. Additionally, some aviation associations and legal offices may provide copies of the form.
A witness or notary is not required for the AC 8050-2 form to be valid. However, having the signatures notarized can add an extra layer of authenticity and may help in case of any future disputes regarding the transaction.
After completing the AC 8050-2 form, you do not submit it directly to the FAA. Instead, keep it for your records and present it when registering the aircraft. The new owner must submit the form along with the registration application to the FAA to ensure the transfer of ownership is officially recognized.
If you lose the AC 8050-2 form, you can simply complete a new one. Both the buyer and seller must sign the new form again. It is advisable to keep multiple copies of important documents like this to avoid complications in the future.
When it comes to the Aircraft Bill of Sale AC 8050-2 form, several misconceptions can lead to confusion and potentially costly mistakes. Understanding the facts can help ensure a smooth transaction. Here are eight common misconceptions:
By addressing these misconceptions, individuals can navigate the process of buying or selling an aircraft with greater confidence and clarity. Always ensure that you have the correct information and take the necessary steps to protect your interests.