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.
If there is no title, and the trailer is a 2010 model or older, title forms and a bill of sale may be sufficient to transfer the title. The DMV recommends that both buyer and seller come to the DMV to complete the transaction.
Anyone can create and present a bill of sale. In Nevada, the signature of a bill of sale must be witnessed by a notary public to be valid. In general, a bill of sale is not a complicated legal document.
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.
Even if you find a buyer who is willing to buy the trailer without a title, you may be open to legal risks. The previous owner of the trailer could file a theft report, and the buyer could be arrested for possession of stolen property.
Getting a bill of sale notarized isn't always required, but it's often worth the effort. Notarization provides solid proof of agreement and can protect you in legal disputes. Always check local DMV requirements for specific transactions to avoid potential issues.