26+ Property Bill Of Sale Form Pics. The general bill of sale is a document that works as a receipt for any type of personal property is exchanged for trade or cash. A bill of sale refers to a record of a sale which states that an item was sold by a particular seller at a specific place, on a specific date, and for a the bill of sale is generally a hybrid legal paper with two main purposes:
The bill of sale encourages both seller and buyer to discuss essential factors like the warranty and it also limits the sale of stolen or illegally seized property and asset. Depending on the item sold, bill of sale forms can range in complexity significantly. Use this document when selling a used car or any other personal property.
When should i use a bill of sale?
In some states, if you're caught in possession of stolen property within 72 hours of the burglary, you could be charged with the burglary itself! You own a motor vehicle or other property (not real estate) that you'd like to sell, and you want to record the details of the purchase for. Traditionally, the seller would supply the form upon the exchange of property. Bills of sale are written contracts that record the transfer of property form one party to another and provide a written record of the transaction and legal protection should a dispute occur.