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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 document serves as a legal record that confirms the sale and outlines the details of the transaction between the seller and the buyer. Key elements of the form include the identification of the aircraft, such as its make, model, and serial number, which ensures clarity in the ownership transfer. Additionally, the form captures the names and addresses of both parties involved, providing essential information for future reference and potential legal matters. Importantly, the AC 8050-2 also requires the seller's declaration of their authority to sell the aircraft, safeguarding the buyer against any disputes regarding ownership rights. By signing this document, both parties acknowledge their agreement to the terms of the sale, which adds a layer of security to the transaction. Furthermore, the form must be submitted to the Federal Aviation Administration (FAA) to officially record the change in ownership, making it an indispensable step in the process of buying or selling an aircraft.
Similar forms
The Aircraft Bill of Sale AC 8050-2 form serves a critical role in the transfer of ownership for aircraft. Similar to a traditional Bill of Sale for personal property, this document outlines the specifics of the transaction, including the identities of the buyer and seller, the description of the aircraft, and the terms of the sale. Just as a Bill of Sale for a car or boat provides legal proof of ownership transfer, the AC 8050-2 establishes the legal framework necessary to confirm that the buyer now holds the title to the aircraft, thus preventing disputes over ownership in the future.
The Motorcycle Bill of Sale is another important document that ensures a clear transfer of ownership similar to the other bills of sale discussed. This form not only secures the transaction details but also includes vital information regarding the motorcycle itself. For those in Alabama looking for a template or more information, you can visit billofsaleformotorcycle.com/alabama-motorcycle-bill-of-sale-form/ to find the necessary resources to facilitate a smooth sale.
The Vessel Bill of Sale is another document that parallels the Aircraft Bill of Sale. This form is used when transferring ownership of a boat or other watercraft. Like the AC 8050-2, it includes details about the vessel, such as its make, model, and identification number. Both documents serve to formally record the sale, ensuring that the buyer has clear ownership rights. In both cases, the completion of the Bill of Sale is essential for the registration process with the relevant authorities, whether it be the FAA for aircraft or the Coast Guard for vessels.
The Automobile Bill of Sale also shares similarities with the Aircraft Bill of Sale. This document is used to finalize the sale of a vehicle, providing a written record of the transaction. Both forms require the seller to disclose any liens on the property, ensuring that the buyer is aware of any outstanding debts associated with the vehicle or aircraft. Additionally, both documents serve as proof of purchase, which can be crucial for tax purposes and future resale. The transfer of ownership is legally recognized only when these forms are properly executed.
The Real Estate Purchase Agreement, while different in context, shares the essential function of documenting a transfer of ownership. This agreement outlines the terms of sale for real property, including the purchase price, contingencies, and closing date. Similar to the Aircraft Bill of Sale, it protects both parties by detailing the conditions of the sale and ensuring that the buyer receives clear title to the property. Both documents require signatures from both parties to be legally binding, emphasizing the importance of mutual agreement in ownership transfers.
The Mobile Home Bill of Sale is similar in that it facilitates the transfer of ownership for a specific type of property. This document includes information about the mobile home, such as its serial number and model, and outlines the terms of the sale. Just as the Aircraft Bill of Sale ensures that ownership is transferred legally, the Mobile Home Bill of Sale provides the necessary documentation to protect the rights of both the buyer and seller. Both documents require careful attention to detail to ensure that all relevant information is accurately recorded.
Finally, the Trademark Assignment Agreement can be seen as analogous in the context of transferring ownership rights, though it pertains to intellectual property rather than physical assets. This agreement details the transfer of trademark rights from one party to another, ensuring that the new owner can legally use the trademark. Like the Aircraft Bill of Sale, it requires signatures from both parties to validate the transfer and is essential for maintaining clear ownership records. Both documents serve to protect the interests of the parties involved, whether in tangible or intangible assets.
Form Specifications
| Fact Name | Description |
|---|---|
| Purpose | The Aircraft Bill of Sale AC 8050-2 form is used to document the sale of an aircraft. It serves as proof of ownership transfer between the seller and the buyer. |
| Required Information | To complete the form, both parties must provide essential details such as the aircraft's make, model, and serial number, as well as the names and addresses of the seller and buyer. |
| Filing Requirement | While the form itself does not need to be filed with the FAA, it is crucial for the buyer to retain it for their records, especially when registering the aircraft. |
| Governing Law | The form is governed by federal aviation regulations, specifically under Title 14 of the Code of Federal Regulations (CFR), which outlines the requirements for aircraft ownership transfers. |
| State-Specific Considerations | Some states may have additional requirements for the sale of an aircraft, such as sales tax or local registration forms. It's essential to check state laws for compliance. |
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Sample - Aircraft Bill of Sale AC 8050-2 Form
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