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Michigan General Form for Bill of Sale of Personal Property from One Individual to another Individual

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Multi-State
Control #:
US-01840BG
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Description

This form is a general form of a bill of sale for personal property (i.e. goods). It should not be used to convey title to real property or title to a motor vehicle.

Michigan General Form for Bill of Sale of Personal Property from One Individual to another Individual is a legal document that serves as proof of the transfer of ownership of personal property between two individuals in the state of Michigan. This bill of sale includes essential information about the parties involved, the item being sold, and the terms of the agreement. Keywords: Michigan, General Form, Bill of Sale, Personal Property, Individual, Transfer of Ownership, Legal Document, Proof, Parties, Item, Terms, Agreement. There are various types of Michigan General Form for Bill of Sale of Personal Property from One Individual to another Individual, depending on the nature of the transaction and the specific property involved. Some common variations include: 1. Michigan General Form for Bill of Sale of Vehicle: This specific form is used when selling or purchasing a motor vehicle, such as a car, truck, or motorcycle. It requires additional details specific to vehicles, such as make, model, year, Vehicle Identification Number (VIN), and odometer reading. 2. Michigan General Form for Bill of Sale of Real Estate: While this form falls under the broader category of personal property, it focuses specifically on the transfer of ownership for real estate properties, including land, houses, or commercial buildings. It includes information on property boundaries, liens or encumbrances, and any relevant warranties or disclosures. 3. Michigan General Form for Bill of Sale of Electronics: This type of bill of sale is used for the sale or purchase of electronic devices, such as smartphones, laptops, tablets, or gaming consoles. It may include details like brand, model, serial number, condition, and any accompanying accessories. 4. Michigan General Form for Bill of Sale of Furniture and Household Items: This form is commonly used for the transfer of ownership of furniture, appliances, and other household items. It lists the specific items being sold along with their descriptions, condition, and any agreed-upon warranties. 5. Michigan General Form for Bill of Sale of Personal Belongings: Used for the sale or transfer of personal belongings that are not covered under other specific forms, such as clothing, jewelry, artwork, or collectibles. The form includes a detailed description of the items being sold and their current value. It's important to choose the appropriate Michigan General Form for Bill of Sale that best suits the nature of your personal property transaction to ensure accuracy and compliance with state regulations.

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FAQ

Tax and Title At the time of titling, a $15 title transfer fee will be collected. If a lien is added, the fee is $16. A six-percent use tax will also be collected.

Affidavit must be filed by the new owner with the assessor for the city or township where the property is located within 45 days of the transfer.

How to Transfer Michigan Real EstateFind the most recent deed to the property. It is helpful to begin by locating the most recent deed to the property (the deed that transferred the property to the current grantor).Create the new deed.Sign and notarize the deed.File the deed in the county land records.

How to Transfer Michigan Real EstateFind the most recent deed to the property. It is helpful to begin by locating the most recent deed to the property (the deed that transferred the property to the current grantor).Create the new deed.Sign and notarize the deed.File the deed in the county land records.

Michigan law requires that a Property Transfer Tax Affidavit (PTA) be filed with the local assessor (city or township) upon the transfer of ownership of real property. As used in the statute transfer of ownership means the conveyance of title 2026

5 Ways to Transfer Property in IndiaSale Deed. The most common way of property transfer is through a sale deed.Gift Deed. Another popular way of transferring property ownership is by 'gifting' the property using a gift deed.Relinquishment Deed.Will.Partition Deed.

In accordance with Michigan State Law, a Property Transfer Affidavit must be filed with the local assessor's office whenever real estate or some types of personal property transfer ownership (a transfer of ownership is generally defined as: a conveyance of title to, or present interest in, a property, including

Gifts of real property in Michigan are subject to this federal gift tax. In accordance with federal law, individuals are permitted an annual exclusion of $15,000 on gifts. This means that gifts valued below $15,000 do not require a federal gift tax return (Form 709).

Affidavit must be filed by the new owner with the assessor for the city or township where the property is located within 45 days of the transfer. The information on this form is NOT CONFIDENTIAL.

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Michigan General Form for Bill of Sale of Personal Property from One Individual to another Individual