Buyer 's Checklist
The level of documentation will depend on the complexity of the sale.
Bill Of Sale:
Most sales will require a Bill of Sale provided by the Seller to the Buyer. The FAA Bill of Sale is the most common form used. You can download a Bill of Sale from the FAA website at http://forms.faa.gov/forms/ac8050-2.pdf
Registration Certificate Application:
The Buyer must complete an application to register the aircraft in his or her name if the aircraft will remain under US Registry. An FAA three-part form is used for this purpose. The "pink copy" of this form serves as the temporary registration and must be kept in the aircraft. (Note: This FAA Form 8050-1 cannot be downloaded from the FAA website. Only original forms can be used.)
Letter of De-Registration:
If the aircraft will be exported to another country for registration, a letter requesting de-registration must be sent to the FAA from the last US owner of the aircraft. An ABAi Certified Aircraft Broker can help you with the de-registration process.
Release of Lien:
If there is a lien against the aircraft on behalf of the Seller, a release of lien must be filed with the FAA.
Some states have a requirement that aircraft be registered with the state annually or at some other interval.. Be sure to check with your state Aeronautics Division concerning these requirements.
Some specific sales may require other documentation or processes. A Certified Aircraft Broker can often assist in these circumstances.