FAQ
Does this template cover aircraft with foreign registrations?
These templates focus on U.S.-registered aircraft, as they align with FAA requirements for sales documentation. For foreign-registered planes, consult local aviation authorities to ensure compliance with their registration transfer laws and include any international sale clauses.
How should we handle a sale where the buyer is paying in installments?
The templates include space to outline payment terms, but for installment sales, it’s wise to add a security agreement or promissory note to the transaction. Clearly state the down payment amount, monthly installments, and consequences for default—then have both parties sign and notarize the documents.
Can we use this template for selling experimental or ultra-light aircraft?
While these templates include fields for aircraft type, experimental or ultra-light sales may require additional disclosures about airworthiness, compliance with special flight rules, or restrictions on modifications. Check with the FAA’s ASTC or the Experimental Aircraft Association for any extra documentation needed.
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