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 necessary, take the completed Bill of Sale to a notary public and have both parties sign it in the notary's presence. After you've completed these steps, you'll have a fully executed Bill of Sale that serves as a legally enforceable document, certifying ownership transfer and defining the terms of the transaction.
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.
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.
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.
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The seller is responsible for drawing up the document, but who should keep the bill of sale once the terms are settled, the documents signed, and the transaction finalized? The short answer is that both the buyer and seller should retain the bill of sale for their records.
A bill of sale can be stored as a printed physical version or in digital format. If your bill of sale was originally printed or handwritten, scanning and storing a bill of sale form PDF ensures that your documents are safe and accessible from anywhere in case of an emergency.