Bill Of Sale Categories
Vehicle Bill of Sale
A motor vehicle bill of sale outlines the terms of a transaction between a buyer and seller. Once signed and completed, it serves as evidence of ownership, which can be submitted to the local Department of Motor Vehicles (DMV). The buyer must sign the document after paying the full amount and receiving the certificate of title from the seller to finalize the documentation process.
As-is Bill of Sale
Signing the as-is bill of sale indicates the buyer's agreement to purchase the item in its current condition, with no guarantees or warranties from the seller. Upon the sale's closure and bill of sale signing, possession and rights transfer to the buyer.
Bicycle Bill of Sale
A bicycle bill of sale records the legal transaction between a seller and buyer, serving as proof of ownership. It specifies the bike details, sale price, and outlines when signatures are required to validate the sale.
Boat Bill of Sale
A boat bill of sale is essential for documenting ownership changes in watercraft, required for registering both non-motorized and motorized vessels in most jurisdictions.
Cat Bill of Sale
A Cat bill of sale is a brief, legal document that records key details of a pet sale or transfer, including information on the parties involved, a detailed pet description, health records, purchase price, payment terms, any specific agreements, and signatures with the date. This document acts as a formal record, promoting clarity and reducing the likelihood of future disputes.
Firearm/Gun Bill of Sale
A firearm bill of sale records the sale and transfer of ownership of a firearm. Gun show purchases and sales are usually not as liable as sales by dealers or firearms purchased from individuals. Selling a firearm to a convicted felon is against the law. It is the seller's responsibility to refrain from doing so.
General Bill of Sale
General bills of sale record the exchange of personal property, like cash or trade, primarily needed by the new owner to prove ownership. This document captures transactions between two parties, commonly used for furniture, equipment, pets, tools, and appliances.
What Is A Bill Of Sale?
A bill of sale is a document that records the transfer of ownership of an item from one person to another. It provides details about the transaction such as the seller, buyer, item, date, and purchase price.
When Do I Need A Bill Of Sale?
You need a bill of sale for transactions involving tangible personal property like vehicles, boats, furniture, electronics, etc. It serves as proof that you own the item. Many states require it for title transfers of vehicles and boats.
What Should Be Included In A Bill Of Sale?
Details like the buyer’s and seller’s full names and addresses, item information (make, model, year, VIN, etc.), date of sale, purchase price and payment terms, and both parties’ signatures. State the sale is “as is.”
What If I’m Gifting Something?
For gifted items, the bill of sale should state the transfer is a gift and $0 was exchanged. The recipient needs to sign accepting the gift.
Do I Need It Notarized?
While not required, having a bill of sale notarized adds an extra layer of authenticity. This is recommended for high-value transactions.
Should I Keep A Copy?
Yes, both buyer and seller should keep a signed copy for their records and as proof of the transaction.
How Can I Create A Bill Of Sale Electronically?
You can use an online bill of sale service like ThinPaper to easily create a professional bill of sale document electronically. These have pre-built sections to fill in the necessary details.
Can I E-Sign A Bill Of Sale?
Yes, a bill of sale can be electronically signed by both parties using an e-signature service or simply typing your name. This makes the e-signed document legally valid.
How Do We Exchange An E-Signed Bill Of Sale?
You can email the electronically signed bill of sale as a PDF file or use e-signature services that facilitate document sharing and signing.