The New Mexico Bill of Sale — Complex is a legal document that records the transfer of ownership for complex assets within the state of New Mexico. A complex asset refers to the sale of a high-value item such as a vehicle, boat, aircraft, or even real estate. This comprehensive bill of sale ensures that both the buyer and seller have a clear understanding of the terms and conditions of the sale, protecting their rights and interests. Unlike a standard bill of sale, the New Mexico Bill of Sale — Complex is specifically designed to cater to different types of assets. There are various types of bill of sale related to complex assets that fall under this category: 1. New Mexico Vehicle Bill of Sale — Complex: This document is used when selling or buying a motor vehicle, including cars, trucks, motorcycles, and recreational vehicles (RVs). It includes detailed information about the vehicle, such as make, model, year, Vehicle Identification Number (VIN), mileage, and any warranties or disclosures. 2. New Mexico Boat Bill of Sale — Complex: When buying or selling a water vessel, such as a boat, yacht, or jet ski, this bill of sale is required. It outlines specific details about the boat, such as the hull identification number, length, type, year, make, model, and any installed equipment. 3. New Mexico Aircraft Bill of Sale — Complex: For the sale or purchase of an aircraft, this bill of sale is necessary. It includes information about the aircraft's registration number, make, model, year, serial number, and airworthiness status, along with the terms and conditions of the transaction. 4. New Mexico Real Estate Bill of Sale — Complex: This type of bill of sale is used when transferring ownership of real property, including land, buildings, or any other structures attached to the land. It contains specific details about the property, such as legal description, size, location, zoning, and any encumbrances or liens. The New Mexico Bill of Sale — Complex is a crucial legal document that protects both parties involved in the sale of complex assets. It ensures a transparent and legally binding transaction, providing a clear record of the transfer of ownership, protecting against future disputes or claims. It is important to seek legal advice or consult appropriate resources to ensure the accurate completion of any complex bill of sale in the state of New Mexico.
New Mexico Bill of Sale - Complex
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For most private vehicle sales in New Mexico, a bill of sale is not required. However, if the purchase price or odometer statement are missing from the title, then a bill of sale (form MVD-10009) is required.
TO COMPLETE THE NOTICE OF VEHICLE SOLD BY MAIL: Please complete and print the Notice of Vehicle Sold Form. Mail the completed form to: Motor Vehicle Division. Attn: Sold Unit. P.O. Box 1028. Santa Fe, NM 87504-1028.
Bill of Sale ? Only required when Assignment of Title or Dealer Assignment is not on the back of the Title. All information on the Bill of Sale must be filled in, and have signatures of both the seller and the buyer.
After Purchasing a Vehicle The bill of sale is not enough to complete a vehicle transfer in New Mexico. Several additional documents are required before the transaction is official.
Does the bill of sale need to be notarized in New Mexico? New Mexico is one of the six states that does require the title or sale form to be notarized to the transfer title or ownership. It applies to both motor vehicles and boats. However, a bill of sale for other personal property is not required to be notarized.
A New Mexico general bill of sale is a legal document that proves a legal sale and purchase has been executed between two (2) private parties, generally for personal items. The form offers information regarding the seller and buyer, as well as proving a change of ownership.
As the seller of a vehicle in NM, you need to: Assign the vehicle's title over to the buyer using the Assignment of Title section on the vehicle's title certificate (If an Assignment of Title section is not available, you need to provide a bill of sale (Form MVD 10009)
While some states require bills of sale to be witnessed by a notary public, in New Mexico, two private parties can sign a valid bill of sale on their own. In general, a bill of sale is not a complicated legal document.