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Get the free Aircraft Bill of Sale - Federal Aviation Administration - faa

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United States of America u.s. department of transportation federal aviation administration aircraft bill of sale OMB control no. 2120-0042 exp. 11/30/2014
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How to fill out aircraft bill of sale

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How to fill out an aircraft bill of sale:

01
Begin by collecting all necessary information about the buyer and seller, including their names, addresses, and contact information.
02
Include the details of the aircraft being sold, such as the make, model, year, and registration number.
03
Specify the purchase price agreed upon by both parties. If there are any additional terms or conditions related to the sale, such as warranties or payment arrangements, they should be included as well.
04
Ensure that both the buyer and seller sign and date the bill of sale. It is also a good practice to have the signatures notarized to add an extra layer of credibility.
05
If applicable, include any applicable lien information, such as if the aircraft is being financed or if there are any outstanding debts on the aircraft.
06
Finally, make copies of the completed bill of sale for both the buyer and seller. It is recommended to keep the original document in a safe place for future reference.

Who needs an aircraft bill of sale:

01
Individuals or businesses who are selling an aircraft.
02
Individuals or businesses who are buying an aircraft.
03
Aircraft brokers or dealers who facilitate the buying and selling process.
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The aircraft bill of sale is a legal document that transfers ownership of an aircraft from one party to another.
The buyer and seller of an aircraft are required to file the aircraft bill of sale.
To fill out an aircraft bill of sale, both parties must include details such as the aircraft's identification, purchase price, and signatures.
The purpose of an aircraft bill of sale is to officially transfer ownership of the aircraft from one party to another.
The aircraft bill of sale must include details such as the aircraft's registration number, make and model, purchase price, and signatures of both parties.
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