Your bill of sale will be considered fully executed once it is completed, signed, and notarized (if included). If the buyer and seller are in different locations and want to have the document notarized, they will each need to get it notarized separately.
This will help prove the authenticity of the document if there is ever a dispute in the future. However, it is recommended that you use a notary to witness the document regardless of the state you are in. Witnessing Your Documentīy law, a notary public must witness both parties signing the document in Louisiana, Nebraska, Maryland, New Hampshire, West Virginia, and Montana. Common examples include collateral for a loan, mechanic's liens, legal judgments, tax liens, and other government liens. An "encumbrance" is a lien, loan, or other restriction on an owner's title. You will then need to add any other important terms of the transaction, such as the price and whether there are any encumbrances on the property being sold. If the buyer and/or seller is acting under a business entity, then use their respective business addresses here.
Next you will need to add the names and addresses of the buyer and seller. When describing the property, include as many identifying details about the property as possible. You will need to use multiple bills of sale if you want to transfer multiple types of property. To complete your bill of sale, start by specifying what kind of property is being sold. It is an essential tool for proving the terms of the agreement down the road, and many states require the use of a bill of sale when transferring automobiles, aircraft, watercraft, and similar items. Your bill of sale will serve to memorialize the important details of your transaction and acts as a receipt for the buyer. Get started by using our bill of sale template and protect yourself today. Typically, the parties involved first use a sales contract to spell out the essential terms of the deal, followed up by the bill of sale to show that legal title to the goods has been transferred at the time of delivery. Our bill of sale form also allows you to indicate whether or not the goods being sold have any encumbrances on the title and which party will be responsible for paying off any encumbrances. Your bill of sale will record all the pertinent information surrounding the sale, including the property being sold, the date, and the price.
Bills of sale are an essential tool for proving the terms of your agreement down the road, and many states require the use of a bill of sale when transferring automobiles, aircraft, watercraft, and similar items.
You can use this document for any transaction besides the sale of real estate. Create, download, and print a custom bill of sale in a matter of minutes online.Ī bill of sale memorializes the important details of a transaction and serves as evidence of legal transfer of title.
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