DOWNLOAD A
BILL of SALE

PASSING PAPERS

PURCHASE & SALE
AGREEMENTS

PRE-PURCHASE
FACILITIES

FAA LIEN RELEASE
(ADOBE PDF)

REGISTRATION
INSTRUCTIONS

(PDF)

 
 
UNITED STATES OF AMERICA
U.S. DEPARTMENT OF TRANSPORTATION FEDERAL AVIATION ADMINISTRATION
AIRCRAFT BILL OF SALE
FOR AND IN CONSIDERATION OF $1+OVC THE  UNDERSIGNED OWNER(S) OF THE
FULL LEGAL AND BENEFICIAL TITLE OF THE AIRCRAFT DESCRIBED AS FOLLOWS:

 

Amazingly enough, obtaining ownership of a plane is easier than probably any other big-ticket item you've ever purchased. No long forms, no certifications, not even a notarized signature is required! (See also "Passing Papers" and "Title Searches at left.)

While it's usually up to the seller to provide a Bill of Sale, they're sometimes difficult to obtain- we'd recommend that you take one or two to the closing just in case.

A word here about the Bill of Sale: you must use the official form FAA AC 8050-2- the FAA Registry will not accept any others. You may download one in Adobe (.pdf) format from the list at left.)

HOW TO FILL OUT THE BILL OF SALE

 

The first item to fill in is the price of the aircraft, where it says "For and in consideration of $___..." To preserve the confidentiality of the transaction, the FAA will accept the phrase "$1 & OVC" (Other Valuable Considerations) in this spot, and most Bills of Sale are filled out in this fashion. Most of the rest is self-explanatory, but a few other items should be noted:

First, make sure that the seller fills out and signs both copies, as the carbon between the two does not extend down to the signature line. Also make doubly sure that he signs in exactly the same manner as is shown on your title search. Such a minor error as omitting a middle initial, for example, is not acceptable to the FAA, and can lead to title problems when you go to resell.

In the section for the buyers name/address (you!), take care to see that you use the same name and title that you will be using for the registration. Under "title", a private individual will use "owner", while corporate purchasers will use "President" or some other appropriate corporate title. Use caution here if you have a partner: the titles "partner" and "co-owner" mean very different things, and an uninformed buyer may unintentionally give his partner the right to sell the craft without his knowledge!

Once the seller has provided you with a Bill of Sale (and lien release if applicable), and you have provided him with (lots of!) money, the sale is complete. Send it (along with $5.00) to the

FAA Aircraft Registry
P.O. Box 25504
Oklahoma City, OK 73125


You should also have pre-arranged insurance for your new toy. This should be activated by phone or fax the moment that the Bill of Sale is signed.

CAUTION - If the sellers' bank fails to file the lien release, the FAA will still accept you as the new registered owner, but retain the lien against your aircraft. They will NOT necessarily notify you of this fact. Be sure they do this, or you could be in for a rude surprise years from now, when you go to resell.