When Do You Need a Bill of Sale?Īnyone who purchases an item that may later require proof of purchase should use a bill of sale. In effect, the buyer is committing to buy the property “as is” without any additional warranties. An “as is” bill of sale stipulates that the transferred property has been inspected by the purchaser and that the seller disclaims any warranty as to the condition of the property. What Does "As-Is" Mean in a Bill of Sale?ĭon't be surprised if a bill of sale includes an "as-is" clause. A bill of sale for a firearm should include the make, model, caliber, and serial number of the gun. While there are a few cities that require gun registration where you may need to provide proof of ownership, bills of sale are usually not a legal requirement. A bill of sale acts as proof of ownership during the registration process.Ī bill of sale for a firearm is used as a personal record. ![]() Boats must be registered in the state where they are used. It is also signed and dated by both parties.Ī bill of sale for a boat is used to document the sale of a vessel. A bill of sale for a general item includes a description of the item, the names of the buyer and seller, and the price and payment terms of the sale. A bill of sale for a general item doesn't need to be notarized. Common items include used furniture, electronics, clothing, and jewelry. General items may be sold with a bill of sale. It may need to be notarized depending on the state. It should also be signed and dated by both. It will also include the price as well as the names of the buyer and the seller. Information in a bill of sale for a motor vehicle includes a description of the vehicle, the VIN, and the odometer. ![]() Not all states require a bill of sale for a motor vehicle, but it does act as proof of ownership and makes an excellent personal record. In fact, some states provide a specific bill of sale form that must be used. A bill of sale for a motor vehicle is often regulated by the state where the sale takes place.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |