Wisconsin Bill of Sale with Warranty by Individual Seller
About this form
This Bill of Sale with Warranty by Individual Seller is a legal document used to transfer ownership of personal property from a seller to a purchaser while providing a warranty on the property. Unlike a quitclaim conveyance, this form ensures that the seller has clear title to the property and the authority to sell it, offering the purchaser a level of protection against future claims on the property.
Key components of this form
- Identification of seller and purchaser with required names and addresses.
- Description of the personal property being sold, including location.
- Sale price and payment details to complete the transaction.
- Warranties provided by the seller regarding ownership and right to sell.
- Signature lines for the seller and acknowledgment section for notarization.
When to use this form
This form is used when an individual is selling personal property and wishes to provide a warranty to the buyer. It is applicable in private sales, such as selling vehicles, furniture, equipment, or other valuable items, ensuring that the buyer receives a guarantee of ownership and frees the property from claims of third parties.
Who should use this form
- Individuals selling personal property to another individual or entity.
- Buyers who want assurance regarding the ownership and condition of the item being purchased.
- Individuals seeking a formal process to document the sale and warranty provisions.
How to complete this form
- Identify the seller and purchaser by entering their names and addresses in the designated fields.
- Clearly describe the property being sold, including its location and any identifying details.
- State the sale price and ensure it is written both in numerals and words.
- Gather the signatures of both the seller and purchaser to confirm agreement and receipt of payment.
- Complete the acknowledgment section in the presence of a notary public, if required.
Notarization requirements for this form
This document requires notarization to meet legal standards. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Mistakes to watch out for
- Failing to accurately describe the property, which can lead to disputes.
- Not having the form notarized when required, making the sale potentially invalid.
- Leaving out important details such as the date of the transaction or signatures.
- Not specifying the sale price clearly in both words and numerals.
Advantages of online completion
- Convenience of downloading and printing the form at any time.
- Editability allows users to customize the form for their specific needs.
- Reliability, as forms are drafted by licensed attorneys and comply with current legal standards.
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FAQ
Names of the buyer and seller. Contact details. A description of the item(s) being sold. The price of the item(s). Methods of payment. Warranty details.
Identify the buyer and seller. Indicate the exact amount of and being sold. Indicate if the property on the land is also being sold or not. Identify what types of rights aside from ownership rights are being given.
A warranty bill of sale offers protections for the buyer that a simple receipt does not. This kind of bill of sale clearly details what is being sold and gives a guarantee to the buyer about the seller's ownership rights. The bill of sale promises that the buyer holds full and clear title to the item sold.
The date of the sale. A description of the car, including its: Year, make and model. The selling price of the car. If the car is a gift or partial gift, you should still create a bill of sale. Warranty information. The full names, addresses and signatures of the buyer and seller.
Can a Bill of Sale Be Handwritten? A bill of sale is a legal document that verifies you have sold your car and provides basic information about the vehicle or any other item and the terms of the sale.As, with any legal written document a bill of sale can be handwritten.
Both the buyer and seller should receive copies of the bill of sale form. It's important for the buyer to keep the bill of sale with the title of the vehicle for registration and licensing purposes, if necessary. However, all parties should keep them for their own personal records.
The word receipt should, of course, be at the very top, followed by the seller's information such as name and/or company's name, contact information, and any other relevant details. Similarly, you also need to indicate all of the relevant information about the buyer.
Sign two copies of the bill of sale, one for you and one for the other party. Although not strictly required, consider bringing a third party with you when the bill of sale is signed. If questions arise about the sale, that person can serve as a reporter of the transaction.
