Seller assigns, bargains, conveys, and delivers to purchaser all of its fixtures, machinery, equipment, vehicles, and tools. Seller further covenants and agrees that it shall, at any time and from time to time, at the request of buyer, execute and deliver to buyer any and all instruments and documents which may be necessary to vest in buyer full title, right and interest to any of the mentioned properties and assets.
West Virginia Bill of Sale - Complex
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Note: The bill of sale can be a handwritten statement signed by both the seller and purchaser.
Does a bill of sale have to be notarized in West Virginia? Yes. The seller and buyer need to complete and sign the West Virginia's official bill of sale, form DMV-7-TR, in front of a notary.
Can a bill of sale be handwritten in WV? Anyone can write a bill of sale in West Virginia. As long as the bill of sale is signed by both the buyer and seller, it can be legally binding.
West Virginia requires a bill of sale to be filled out by the buyer and the seller for private vehicle purchases. The official form for this is form DMV-7-TR which records information like the purchase price, the odometer reading, and the VIN of the vehicle in question.
SELLER AND BUYER MUST COMPLETE THE ENTIRE DOCUMENT, SIGN, AND HAVE IT NOTARIZED. THE OWNERSHIP STATUS OF THE VEHICLE, TRAILER, OR BOAT NAMED HEREIN, WILL NOT CHANGE UNTIL THE BUYER APPLIES FOR AND IS ISSUED A CERTIFICATE OF TITLE.
The new owner can then apply for title, if the vehicle is a gift, then the fee to transfer the title into their name will be $15. Although the transaction is a gift, the original owner's plates cannot be used by the new owner. They must either have a valid plate in their name to transfer or purchase a new plate.
Otherwise, bills of sale generally include some or all of the following information: Date of purchase. Buyer and seller's contact information. Purchase price. Description of the sold item. Guarantee that the asset is cleared of any liens or claims. Ongoing terms, such as warranties. Signatures of buyer and seller.
If the vehicle is purchased from an individual and the purchase price is below 50% of the current NADA Clean Loan Book value, a notarized bill of sale must accompany the application for title, or the tax will be assessed on the NADA Clean Loan Book value.