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.
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.
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.
If the seller is not the owner whose name is on the title, you will need a Bill of Sale signed by both the seller and the person whose name appears on the title. A record of the odometer mileage (if the vehicle is less than 10 years old).
The motorcycle's title proves to your lender that you own the bike and aren't trying to sell or borrow against someone else's property. While it's possible to sell a bike using a bill of sale, it's preferable to use the title.
In the state of New York, a bill of sale is required whenever you buy or sell a motor vehicle or boat. Drafting a bill of sale is also a good standard practice when you buy or sell other valuable items.
The buyer is responsible for submitting the Bill of Sale to the DMV. Additionally, the buyer will need to submit a proper title before successfully transferring ownership.