Bill Of Sale Form Utah With Lien Holder

State:
Utah
Control #:
UT-BILLSALE1
Format:
Word; 
Rich Text
Instant download

Description

The Bill of Sale Form Utah With Lien Holder is a legal document used to transfer ownership of personal property from a seller to a purchaser, while detailing any existing liens on the property. It includes sections for the parties involved, the purchase price, and a description of the property being sold. The form serves as a warranty bill of sale and provides a guarantee from the seller that they have the authority to sell the property free of any claims, fostering trust in the transaction. Important instructions for filling out the form include accurately detailing the seller's and purchaser's information, the property specifics, and the date of the transaction. Legal professionals such as attorneys, paralegals, and legal assistants can utilize this form to ensure the proper transfer of property rights, maintain records of transactions, and protect their clients' interests against potential disputes regarding property ownership. This form is particularly useful in real estate dealings, vehicle sales, and any situation involving secured interests in personal property. Users should ensure that the form is notarized to validate the transaction legally.
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FAQ

Although not legally required, the Utah DMV advises and provides private sellers with a bill of sale (form TC-843) to use when selling your car on your own. The bill of sale provides proof the seller has legally transferred ownership of the vehicle to the buyer.

A Bill of Sale typically includes:The full names and contact information of the buyer and seller.A statement that transfers ownership of the item from the seller to the buyer.A complete description of the item being purchased.A clause indicating the item is sold "as-is"The item's price (including sales tax)More items...

The bill of sale should contain:name and address of the buyer;name, address and signature of the seller;complete vehicle description, including the Vehicle Identification Number (VIN);description of trade-in, if any;purchase price of the vehicle;trade-in allowance, if applicable; and.net purchase price.

Utah Bill of Sale Requirements While drafting a bill of sale is good standard practice for the purchase of many big-ticket items, they are required for the purchase of boats or motor vehicles in the state of Utah. You can use the form the state of Utah provides (Form TC-843), or you can draft your own.

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Bill Of Sale Form Utah With Lien Holder