Things to Include on the Bill of Sale
When designing a bill of sale, make sure that it follows specific requirements of your state and county. If some details are missing, the bill will not be considered valid and won’t have any legal power. State-approved forms can be found on the official website of the respective state. One can also obtain physical bill of sale forms from local authorities. For instance, the forms for cars are available at local Departments of Motor Vehicles.
If you are searching for free document templates online, make sure that they follow official requirements. Some forms may fail to include all necessary elements, such as fields to write the names or addresses of parties. The more details you can fit on a bill of sale, the better, so try to specify as much information as possible. If there are spaces for email addresses and telephone numbers, fill them in as well.
Property details are an essential part of any bill of sale, so make sure that the chosen form includes enough room to describe them all. If there’s more than one item involved, this section would include information about all the transferred items. You may need to create a separate list of goods, so the template should provide this possibility.
Lastly, check for financial information about the deal. A decent template should contain spaces designed for:
- the amount paid by the buyer
the time of the transaction- the amount of sales tax (if any)
- the payment method stipulated by the parties
If the transferred item is a gift or there’s a trade-in involved, make sure that the form includes a respective checkbox.
If you aren’t sure where to search for a trustworthy base of state-approved bill of sale forms, consider checking our library. We offer an array of printable bill of sale forms in PDF for you to download absolutely free of charge. You don’t even need to register to access the base.