Explaining the Concept of ATV Bills of Sale
Similar to all other types of property, ATVs can be traded using bills of sale. An ATV bill of sale is a legal document used to record the transition of ownership over a given vehicle. Such documents can be utilized by individual buyers and sellers or privately owned businesses. A bill of sale includes a comprehensive set of data about the transaction, the participating individuals, and the vehicle being sold.
Bills of sale provide a convenient and simple way to record the transaction, which is why they are so widespread among sellers. To obtain legal value, the bill must follow official requirements, which may vary from one state to another. Make sure to check your local laws before filling in a free bill of sale template since your state’s and county’s regulations may require including specific information. For instance, some states mandate recording the transition of ownership in front of a public notary or independent witness. You aren’t always required to sign a bill of sale when trading ATVs; in some states, the decision is completely up to you.