A Bill of Sale for Personal Property is a legal document that serves as proof of the transfer of ownership of an item of personal property from a seller to a buyer. It is used to establish the terms of the sale and protect both the buyer and seller from future legal disputes. Types of Bill of Sale for Personal Property include a General Bill of Sale, a Vehicle Bill of Sale, a Boat Bill of Sale, and a Firearm Bill of Sale. Each type includes specific language regarding the item being sold, as well as information about the seller and buyer, the date of the sale, the purchase price, and any warranties associated with the item. The Bill of Sale must be signed by both the seller and the buyer in order to be valid.
Bill of Sale for Personal Property
Category:
State:
Multi-State
Control #:
US-BOS-00167-2
Format:
Word;
Rich Text
Instant download
Description
Real property is land and anything permanently attached to it like buildings or trees. Personal property generally includes everything else. Personal property includes rights that are intangible, such as accounts receivable or intellectual property such as a patent or trademark. It also includes movable property. Movable property includes things you can touch, such as furniture, car, and a computer. A bill of sale is a document that transfers ownership of an asset from a seller to the buyer. It can also serve as a basic agreement for sale of goods, and a sales receipt.
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FAQ
Selling a New Vehicle The seller's signature is required to be notarized or verified on the Pennsylvania title. The seller's signature may be required to be notarized on some out-of-state titles. The seller will need to provide the authorized PennDOT agent with proper proof of identification (PDF).
A Pennsylvania bill of sale is both a receipt and legally binding document holding both a buyer and seller liable for a transaction. The exchange commonly refers to a vehicle or personal property being sold.
A Pennsylvania general bill of sale is a document that proves the legal sale and purchase of a piece of personal property took place between two (2) private parties in the State of Pennsylvania.
Pennsylvania does not require a bill of sale. It doesn't play a role in the titling or registration process?all that is needed is for the seller to sign the title over to the buyer once the sale is complete.
A North Carolina general bill of sale is a document that proves a legal sale and purchase occurred between two (2) private parties concerning personal items. The form provides information about the seller, the buyer, and the items being sold. This form requires notarization.
While a bill of sale certifies a transfer of ownership between two parties, a title certifies the buyer's legal ownership. It's the final step in the process and proves that the buyer is the legal owner.
In North Carolina, bills of sale presented for registration of a motor vehicle or vessel must be notarized. Certification/Signature: The signature of the seller and/or buyer, depending on the form, finalizes the transfer. In-person signatures are always valid.
A Minnesota general bill of sale is a document used between two (2) individuals to provide proof that the sale, purchase, or trade of personal property of any kind has occurred legally.