This form is a simple model for a bill of sale for personal property used in connection with a business enterprise. Adapt to fit your circumstances.
This form is a simple model for a bill of sale for personal property used in connection with a business enterprise. Adapt to fit your circumstances.
Your bill of sale form should include the “as-is” language and that the buyer accepts the item in its current condition. The as-is section should also state that the seller transfers the property “without any guarantees or warranties of any kind, express or implied.”
It also needs to say that the seller is not offering any guarantees or warranties about the property's condition. Here's an example: “The Seller is selling the Property in “As-Is” condition, with all faults.
Clearly and explicitly state that the item is being sold in its current condition, "as-is," without any warranties or guarantees of any kind. Use precise language to emphasize that the buyer is accepting the item with all faults and defects.
Your bill of sale shows proof that both buyer and seller had legal intent to transfer ownership of any given item. Because of this, your bill of sale protects both parties involved in the sale from any malicious legal issues.
Many states don't mandate notarization for bills of sale. States like California, Texas, Florida, Ohio, and New York allow transactions without a notarized document. In these states, a signed bill of sale is often sufficient for legal purposes, provided it includes all required information.
A bill of sale does not have to be digital to be considered valid. Both handwritten and digital formats are generally acceptable, as long as all necessary information is listed and you have the consent of both parties.
What is included in a bill of sale? Buyer and seller details. You should include their full names, addresses, and contact information. Description of the item being sold. The sale agreement. Location and date of sale. Terms and conditions of the transaction. Buyer's signature and seller's signature.
Get a bill of sale from a regulatory agency. Many government agencies, like the Department of Motor Vehicles, for instance, offer bill of sale forms for public use. Using a form directly from a government agency ensures that you have all of the information required for your state.
If the seller withholds information from the buyer, or misrepresents the value of an item, this may render a bill of sale null and void.
What to do if you lose your bill of sale. Your first step is to check with the relevant department in the state in which your item is registered. Typically, this would be your state's department of motor vehicles, or DMV, since bills of sales are most commonly used for vehicle ownership transfers.