Sellers can draft a bill of sale on their own, but it’s often helpful to use a template. For example, some states require motorists to produce a bill of sale before they can register a vehicle in their name. Depending on which state they live in, they might also need the bill of sale to complete the transfer of ownership. This gives them proof of ownership as well as a record of their payment. This means they aren’t extending a warranty that everything on the car works perfectly since the vehicle’s used condition could mean there is an unknown underlying problem with a component of the car.īy contrast, if they sell it with a warranty, the bill of sale should spell out what they’re guaranteeing.įor the buyer, the bill of sale is a record of the transaction. It’s a legal document that gives protection to both parties by proving the sale was completed and that property and payment changed hands.įor the seller, a bill of sale is proof that the item being transferred was accepted by the buyer in the condition described.įor example, if someone is selling their used car, they may wish to sell it in “as-is” condition. You can think of a bill of sale as being similar to a receipt. The point of a bill of sale is to document that the sale happened and to afford protection to both sides in the event of a future dispute. Generally, the seller writes up the bill of sale which should spell out all the details of the exchange. However, you can also issue a bill of sale when you sell personal property like clothes, furniture, or even a puppy. You can use a bill of sale to document a variety of purchases, with most people using them for cars, motorcycles, or boats.
NOTARIZED BILL OF SALE FLORIDA TEMPLATE HOW TO
In this post we’ll show you how to write a bill of sale. Basically, a bill of sale confirms that ownership has changed.
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