Printable Aircraft Bill of Sale AC 8050-2 Form

The Aircraft Bill of Sale AC 8050-2 form is essential for the transfer of ownership of an aircraft. Below are key takeaways regarding its completion and use.

• The form must be filled out completely and accurately to ensure a valid transfer of ownership.
• Both the seller and buyer must sign the document, confirming their agreement to the sale.
• It is important to include the aircraft's serial number and registration number to avoid any confusion.
• The completed form should be submitted to the Federal Aviation Administration (FAA) for proper registration of the ownership change.
• Keep a copy of the signed form for personal records, as it serves as proof of the transaction.

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 serves as proof of the sale and includes essential details such as the aircraft's make, model, and serial number, along with the names and addresses of both the seller and buyer.

Who needs to use the AC 8050-2 form?

This form is typically used by individuals or businesses involved in the sale or purchase of an aircraft. Both the seller and the buyer must complete and sign the form to ensure a valid transfer of ownership. It is important for anyone involved in an aircraft transaction to use this form to comply with federal regulations.

How do I fill out the AC 8050-2 form?

To fill out the AC 8050-2 form, you will need to provide specific information about the aircraft, including its manufacturer, model, and registration number. Additionally, include the names and addresses of both the seller and buyer. Both parties must sign and date the form to validate the transaction. Make sure to double-check all entries for accuracy.

Where can I obtain the AC 8050-2 form?

The AC 8050-2 form can be obtained from the Federal Aviation Administration (FAA) website or through various aviation regulatory agencies. It is available for download in a printable format, allowing you to complete it manually or electronically before printing.

Is the AC 8050-2 form required for all aircraft sales?

While the AC 8050-2 form is not required for every aircraft sale, it is highly recommended. Using this form helps to ensure that the transfer of ownership is documented properly and can protect both parties in the event of a dispute. Additionally, the FAA requires this form for the registration of the new owner.

What happens if I do not use the AC 8050-2 form?

If the AC 8050-2 form is not used, the transfer of ownership may not be legally recognized by the FAA. This could lead to complications when trying to register the aircraft in the new owner's name. Without proper documentation, disputes regarding ownership may arise, which can result in legal challenges.

Can the AC 8050-2 form be used for both new and used aircraft?

Yes, the AC 8050-2 form can be used for both new and used aircraft sales. Regardless of the age of the aircraft, the form serves the same purpose: to document the transfer of ownership from the seller to the buyer.

Do I need to have the AC 8050-2 form notarized?

Notarization of the AC 8050-2 form is not a federal requirement. However, some parties may choose to have the form notarized to add an extra layer of authenticity to the transaction. This can be particularly useful in high-value sales or when dealing with parties who may not know each other well.

How long is the AC 8050-2 form valid?

The AC 8050-2 form does not have an expiration date once it has been properly completed and signed. However, it should be submitted to the FAA promptly after the sale to ensure that the new owner can register the aircraft without delay. Keeping a copy of the completed form for personal records is also advisable.

What should I do after completing the AC 8050-2 form?

After completing the AC 8050-2 form, both the seller and buyer should retain copies for their records. The buyer must submit the original form to the FAA along with any required registration documents. This submission ensures that the ownership transfer is officially recorded in the FAA database.

Aircraft Bill of Sale AC 8050-2 - Usage Instruction

Once you have gathered the necessary information, you are ready to fill out the Aircraft Bill of Sale AC 8050-2 form. This document is essential for transferring ownership of an aircraft. Follow these steps to ensure that you complete the form accurately.

1. Begin by entering the date of the sale at the top of the form.
2. Fill in the name and address of the seller. Make sure to include the complete address, including city, state, and ZIP code.
3. Next, provide the name and address of the buyer. Again, include the full address details.
4. In the section for the aircraft description, include the make, model, and year of the aircraft.
5. List the aircraft's registration number, also known as the tail number.
6. Indicate the aircraft's serial number. This number is unique to each aircraft and can usually be found on the aircraft's data plate.
7. Specify the total sale price of the aircraft in the designated space.
8. Both the seller and buyer must sign and date the form at the bottom. Ensure that the signatures are legible.

After completing the form, make copies for your records. The next step is to submit the form to the appropriate authorities, typically the Federal Aviation Administration (FAA), to finalize the transfer of ownership.