In the absence of controlling legislation at the local, state, or federal level, contracts relating to aviation are governed by the rules and requirements pertinent to such agreements generally. However, the Federal Aviation Act of 1958 provides in detail for the regulation and control of aviation in the United States
Massachusetts Contract for the Sale and Purchase of an Aircraft with a Bill of Sale Attached as an Exhibit
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How to fill out Contract For The Sale And Purchase Of An Aircraft With A Bill Of Sale Attached As An Exhibit?
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FAQ
An FAA bill of sale is a document that transfers ownership of an aircraft from one party to another. This legal instrument includes information such as the aircraft's make, model, and serial number. Once signed and submitted with the FAA, it serves as proof of ownership, complying with federal regulations.
You should send the aircraft bill of sale to the Federal Aviation Administration (FAA) after the sale completes. This step is crucial for officially recording the ownership change in the FAA's database. Make sure to keep copies for your records, as they may be needed for future transactions or inquiries.
Also known as Form AC 8050-2, an aircraft bill of sale is required by the Federal Aviation Administration (FAA) when buying and/or selling an aircraft. This form includes important information about the buyer, seller, and transaction details.
The FAA requires pilots to report drug- and/or alcohol-related motor vehicle actions ( MVA ) to the agency's Security and Hazardous Materials Safety Office, Regulatory Investigations Division. Refer to the requirement in Federal Register Volume 55, 31300 (dated Aug.
Forms for Buying and Selling AircraftAircraft Registration (AC Form 8050-1)Aircraft Bill of Sale (AC Form 8050-2)8050-3- Current registration in aircraft, back filled out, signed and sent into FAA.Information if registering aircraft in an LLC.Sample Aircraft Purchase/Sales Agreement.More items...
Aircraft TransferRemove the original aircraft registration certificate with the owner's name on it from the aircraft.Remove any FCC radio station license with your name on it (if there is one).Provide all logbooks and records on the aircraft (as agreed upon) to the buyer.More items...
An Aircraft Registration Application, AC Form 8050-1. evidence of ownership (such as one or more bills of sale) the $5.00 registration fee made payable to the Federal Aviation Administration.
Evidence of ownership can either be an Aircraft Bill of Sale ( AC Form 8050-2) or a conditional sales contract. After completing the registration application, mail the white and green copies to the FAA, and keep the pink copy as evidence of your application.
The Federal Aviation Administration accepts documents containing digital signatures by email. The documents may be submitted electronically as an attachment to an email at 9-avs-ar-electronic-submittals@faa.gov. Documents signed in ink must be submitted by U.S. Post Office or commercial delivery services.
Step 2. Filling Out the Bill of SaleSale date.Buyer's name and postal address.Seller's name and postal address.Essential aircraft information such as its make, model, registration number, and serial number.Purchase price.Agreed delivery date.Deposit amount.