Tennessee General Bill of Sale
The state does not have any compulsory demands for the details of the general bill of sale template; however, you should include the individuals or entities’ names and addresses, a detailed description of the item, the date and location of the transaction, payment information, and autograph the form. Make ready two prototype copies of the papers for each sale party.
A bonded title, also called a title surety bond, is often necessary to change proprietorship and document a car if the sold property is an automobile. It is a lawful document that acts as evidence of your automobile proprietorship. It's good for three years, and the bond fee on the title has to be 1.5 times the automobile's estimated worth.
If you acquired a car and only got a bill of sale, or if the title was wrongfully transferred to you, you can get a bonded title by following the steps below:
Dial the Tennessee Division of Revenue's Special Investigations Unit at (888) 871-3171 to confirm if you're fit for a bonded title.
Fill in and send a Surety Bond Request to the Vehicle Services Department, 44 Vantage Way, Suite 160, Nashville, TN 37243-8050;
Wait for acceptance from the Division before calculating the bond amount;
Buy a bond from your preferred surety bond firm;
To request a Tennessee bonded title, take the documentation to your local county clerk's workspace.
To ensure that the document is accepted as proof by state officials, it needs to include the following:
Names and physical addresses of the vendor and buyer are included in the identification information. If there are more than one seller and buyer, make a note of it on the paperwork.
The property being transferred is described in detail. Include any pertinent information needed to identify the item or objects, such as a broad description (e.g., color, size), serial number if applicable, manufacturer, year, and others. If the transferred item has any flaws, make a note of these as well.
Warranty disclaimer indicating that the buyer accepts the item "as-is" or outlining any warranty conditions provided by the vendor;
The cost of the specified item. It is preferable to enter the amount in both words and numbers. If the property is being given as a gift, make a note of it on the bill of sale.
Information about the transaction: The date on which a document takes effect must be included in every document. If the transfer is made under any unusual circumstances, be sure to include them in this section. If the payment is divided into numerous parts, for example, indicate the amount of each part and the due date for each part.
Both the seller's and the buyer's signatures are required. The signatures are an acknowledgment that the vendor willingly turns over the indicated goods and that the buyer accepts them under the terms stated. Prepare two original copies of the document and preserve one for your records.
A notary public is often but not always required in the state for a General Bill of Sale, although it is recommended to notarize a transaction to ensure the sale has occurred. This can help avoid any issues that may arise if the vendor or purchaser protests the sale in the future.