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Overview

Common mistakes

  1. Incomplete Information: Failing to fill out all required fields can lead to delays or rejection of the form. Ensure every section is filled out accurately.

  2. Incorrect Aircraft Details: Providing the wrong make, model, or serial number of the aircraft can cause significant issues. Double-check these details before submission.

  3. Signatures Missing: Both the seller and buyer must sign the form. Omitting a signature can invalidate the bill of sale.

  4. Not Using the Correct Version: Using an outdated version of the AC 8050-2 form can result in processing problems. Always download the latest version from the FAA website.

  5. Improper Date Format: Dates should be entered in a clear and standard format. Ambiguities in the date can lead to confusion regarding the sale.

  6. Failure to Include Payment Details: If applicable, details regarding the payment method should be clearly stated. Lack of this information can lead to disputes later.

  7. Not Retaining a Copy: After submission, failing to keep a copy of the completed form can complicate future transactions or disputes.

  8. Ignoring State Requirements: Some states may have additional requirements for aircraft sales. Be aware of these to ensure compliance.

Similar forms

  • Vehicle Bill of Sale: Similar to the Aircraft Bill of Sale, this document transfers ownership of a motor vehicle. It includes details about the buyer, seller, and the vehicle itself, ensuring a clear record of the transaction.
  • Boat Bill of Sale: This form serves to document the sale of a watercraft. Like the Aircraft Bill of Sale, it captures essential information about the buyer, seller, and the boat, facilitating the transfer of ownership.
  • Real Estate Purchase Agreement: This agreement outlines the terms of a property sale. It shares similarities with the Aircraft Bill of Sale in that both documents formalize a transfer of ownership and detail specific terms of the transaction.
  • Motorcycle Bill of Sale: This document is used for transferring ownership of a motorcycle. It includes similar elements to the Aircraft Bill of Sale, such as buyer and seller information and vehicle specifications.

  • Personal Property Bill of Sale - Essential for documenting the sale of various items, this form includes critical information like the seller and buyer's details as well as a description of the property sold. For more details, you can refer to the https://californiadocsonline.com/bill-of-sale-form.

  • Mobile Home Bill of Sale: This form documents the sale of a mobile home. Like the Aircraft Bill of Sale, it serves as proof of ownership transfer and includes relevant details about the property.
  • Trailer Bill of Sale: Used to document the sale of a trailer, this form captures necessary information about the buyer, seller, and trailer specifications, akin to the Aircraft Bill of Sale.
  • Farm Equipment Bill of Sale: This document formalizes the sale of agricultural machinery. It parallels the Aircraft Bill of Sale by detailing the transaction and ensuring proper ownership transfer.
  • Business Asset Bill of Sale: This form is used to transfer ownership of business assets. It shares the same purpose as the Aircraft Bill of Sale, providing a legal record of the transaction.
  • Personal Property Bill of Sale: This document is used for the sale of personal items. It includes buyer and seller details and serves to confirm the transfer of ownership, similar to the Aircraft Bill of Sale.

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 information is accurate and complete.
  • Do use black or blue ink for legibility.
  • Do sign the form where indicated.
  • Do include the correct Aircraft Serial Number.
  • Do keep a copy for your records.
  • Don't leave any fields blank; fill in all required information.
  • Don't use correction fluid or tape on the form.
  • Don't forget to date the form when signing.
  • Don't submit the form without verifying all details.
  • Don't overlook any specific state or federal requirements that may apply.

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

 

 

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)

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Misconceptions

Misconceptions about the Aircraft Bill of Sale AC 8050-2 form can lead to confusion for buyers and sellers. Here are ten common misunderstandings:

  1. It is not a legally binding document.

    Many believe that the Aircraft Bill of Sale is just a formality. In reality, it serves as a legal record of the transaction and can be used in disputes.

  2. Only the seller needs to sign it.

    Some think that only the seller's signature is necessary. However, both the buyer and seller must sign the form to validate the sale.

  3. It can be filled out after the transaction.

    People often assume they can complete the form at any time. It should be filled out and signed at the time of the transaction to ensure accuracy.

  4. It does not need to be notarized.

    There is a misconception that notarization is optional. While it is not required, having the form notarized adds an extra layer of authenticity.

  5. It is only necessary for large aircraft transactions.

    Some believe the form is only needed for high-value sales. In truth, it is required for all aircraft transactions, regardless of size or value.

  6. It can be used for any type of aircraft.

    Many think the form applies universally. However, it is specifically designed for civil aircraft and may not be valid for military or foreign aircraft.

  7. It is the same as a purchase agreement.

    Some confuse the Aircraft Bill of Sale with a purchase agreement. The Bill of Sale is a record of transfer, while the purchase agreement outlines the terms of sale.

  8. It is not required for registration.

    There is a belief that the form is optional for registration. In fact, the FAA requires it to register an aircraft in the new owner's name.

  9. It can be completed online.

    Some think they can fill out the form digitally. The FAA requires a physical signature, so it must be printed and signed.

  10. It is only for private sales.

    Many assume it is only applicable to private transactions. The form is also necessary for sales involving dealers or brokers.

How to Use Aircraft Bill of Sale AC 8050-2

Filling out the Aircraft Bill of Sale AC 8050-2 form is an important step in the process of transferring ownership of an aircraft. Once the form is completed, it should be submitted to the appropriate authorities to ensure that the ownership transfer is officially recognized.

  1. Begin by obtaining a blank copy of the Aircraft Bill of Sale AC 8050-2 form. This can usually be found online or through your local aviation authority.
  2. In the first section, enter the name and address of the seller. Make sure to include the full legal name and any relevant contact information.
  3. Next, fill in the buyer's information in the designated area. Again, include the full legal name and address.
  4. In the section for aircraft details, provide the aircraft's make, model, and year of manufacture. This information is crucial for proper identification.
  5. Enter the aircraft's registration number. This number is typically found on the aircraft itself and is necessary for the registration process.
  6. Indicate the purchase price of the aircraft. Be clear and precise about the amount being transferred.
  7. Both the seller and buyer must sign and date the form. Ensure that all signatures are legible and that the dates are accurate.
  8. After completing the form, make copies for both the seller and buyer for their records.
  9. Finally, submit the original form to the appropriate aviation authority to finalize the ownership transfer.
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