Carl Glendon

Steps And Guidelines To Create A Legal Bill Of Sale Document

Are you going to sell a personal property of yours? Be it a furniture, appliances, computers, electronics or car, you should definitely remember to create the bill of sale receipt and also legalise it. The bill of sale serves to provide a written record of the terms and circumstances of a sale and to give the buyer a particular proof that ownership has been transferred to them. Sometimes required by the state law as well, it is very helpful as a record for accounting and tax purposes.

Here is a step by step guide to create the legal bill of sale document.

• The first step is to gather all the required information that defines the item that you are going to sell. If it is your vehicle, then the seller should collate the pertinent information such as the title to the vehicle and registration papers that you have.

• The next step is to write the bill of sale receipt, where the names and other details of the buyer and seller must be included. Mention that you are the legal and lawful owner of the property and have the authority to sell it to someone.

• Whether it is some item or vehicle, the next step is to write down the details pertaining to the property you are selling. If it is your bike or car, the title and registration number, the year, make, model, odometer reading must be included.

• Now, you have to include the price the good or the vehicle which being sold for and the buyer's information. This would also have the buyer's name, address and the mileage the vehicle has at the time it was sold, if it is your car or bike that is being sold.

• To make this legal, you need to make sure that the bill of sale for car or some other item is signed by both the buyer and the seller and, in order to make it official, one should also have these signatures notarized.

For more information about what is a bill of sale, please visit this website.

Author Resource:-

Carl writes often about online legal drafting like affidavit, bill of sale and release/ waiver agreement to help the people. You can find his thoughts at free bill of sale form blog. To learn more about drafting a vehicle bill of sale in TN online, visit this website.