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
New Mexico 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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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.
How Do I Write a New Mexico Bill of Sale?The printed legal name of the buyer and the seller.The date the bill of sale was created.The amount of money the item was sold for.Descriptive information about the item sold.The signature of both the buyer and the seller.
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.
To register an aircraft send the following to the Aircraft Registration Branch: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.
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...
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.
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.