US Legal Forms
Forms Kit
Bill of Sale
Multi-State
Simple Bill of Sale for Personal Property Used in Connection with...

Personal Use Property Examples In Hillsborough

Q: What is considered personal property in Florida?

Florida Statute defines TPP as all goods, chattels, and other articles of value (but does not include vehicular items) capable of manual possession and whose chief value is intrinsic to the article itself.

Category:

Bills of Sale - Businesses

State:

Multi-State

County:

Hillsborough

Control #:

US-00167

Format:

Instant download

Description

The Bill of Sale form serves as a critical document in the transfer of personal property associated with a business sale in Hillsborough. It outlines the transaction details, specifying the items being sold, such as furniture, equipment, and inventory, and stipulates that the property is sold 'as is,' highlighting the lack of warranties. This form is particularly valuable for attorneys, partners, and owners involved in business transactions, providing a clear legal record of the sale and ownership transfer. Legal assistants and paralegals can use the form to streamline the process, ensuring all requisite information is completed correctly. Users can efficiently fill in their specific details regarding the sale, including the purchase amount and property description, ensuring accuracy in the transaction. The notary acknowledgment included in the form adds an essential layer of legitimacy, safeguarding both parties in the transaction. In summary, this Bill of Sale is indispensable for anyone engaging in personal property transactions in the business context within Hillsborough, promoting transparency and legal compliance.

9.00 Americans with Disabilities Act Overview

View this form

FIREARM DEFINED

View this form

Form popularity

FAQ

Florida Statute defines TPP as “all goods, chattels, and other articles of value (but does not include vehicular items) capable of manual possession and whose chief value is intrinsic to the article itself.”

Personal-use property is not purchased with the primary intent of making a profit, nor do you use it for business or rental purposes.

There are four basic properties: commutative, associative, distributive, and identity.

Personal use property is used for personal enjoyment as opposed to business or investment purposes. These may include personally-owned cars, homes, appliances, apparel, food items, and so on.

Unlike real property, which is immovable, personal property includes everything from household goods like furniture and appliances to vehicles, jewelry, and even intangible assets such as stocks or patents.

Thus, the main characteristic of personal property is that it is movable, unlike real property or real estate. Tangible property is personal property that can be physically handled, such as clothes, jewelry, furniture, etc.

Possessions which can be easily moved and are not fixed in a permanent location, such as furniture, clothing, jewelry, books, and other personal items are not considered real property; instead, these items are classified as personal property.

Personal property can be characterized as either tangible or intangible. Examples of tangible personal property include vehicles, furniture, boats, and collectibles. Digital assets, patents, and intellectual property are intangible personal property.