Instructions for completing the Declaration for Collection of Personal Property are included at the end of this guide. If the person owned real property (like a building, land, or a house), you need to fill out and attach Inventory and Appraisal (form DE-160).When properly filled out, this form meets California requirements under Probate Code 13100-13117. 1. This file provides detailed instructions for collecting personal property under California law. In essence, Business Personal Property is all property used in the course of doing business that is not exempt. What personal property is exempt? Personal property is all property except real estate and can include business equipment, vessels, aircraft, vehicles and manufactured homes. "Streamline your personal property transactions with our General Bill of Sale Form. , conventional loan, seller financing). , the asset will not transfer to Form 571-L, 571-F, or 571-A.