Having a bill of sale is assumed to be exceptionally useful to a lot of people, regardless of whether you’re selling or buying property, although the process may seem somewhat paperbound. Being actually non-obligatory for a private sale, bills of sale act as extra insurance that you are getting what you have given money for, and that there won’t be any legal complications from the sale.
In Maine, there exist a number of different kinds of bills of sale, and it’ll worth knowing what form you ought to use for different objects sold.
To avert issues with the legality of a bill of sale in Maine, get our free fillable Maine bill of sale template as an easy sample for your sales always ready for download.
Do not be worried if perhaps you are not certain of the way how a bill of sale works, or the way it protects you. We will review all points you need to learn below.
Download your fillable Maine Bill of Sale Form in PDF format:
– Adobe PDF
Bill of Sale Types
Forms of bills of sales slightly vary in proportion to the type of transaction and considering the circumstances the purchase has been made. You’ll wish to try and use the correct kind of free bill of sale form and record it successfully with your state with regard to the type of sale you’re carrying out.
Vehicle Bill of Sale
You’ll have to check the accuracy of all vehicle characteristics attentively so that a vehicle bill of sale template is lawful. These bills of sales are regarded as one of the most commonly used since they protect both the purchaser and the seller: the former from acquiring a vehicle with any undisclosed defect and the latter from partial liability in the event of any future accidents.
You should have the details such as the make model of your vehicle, your current vehicle registration plate, along with additional features including its most recent mileage to draft a motor vehicle bill of sale. well before the transaction is finalized, you may well wish to confirm your vehicle condition by having it inspected so that both the buyer and the seller are informed.
Having acquired possession of the vehicle, the buyer may possibly also be accountable for registration fees, local tax, as well as several other costs, even though it’s a Maine bill that finalizes the property transfer. Furthermore, ensure Maine bills of sale cover all data from the title for motor vehicles.
Bill of Sale for a Watercraft
In a similar way, a bill of sale form for a boat in Maine needs all identification numbers and number plates as well as any other characteristics related to the boat. You’ll also need to get the serial number verification form to warrant the boat’s identifying number and the serial number on the record agree.
Firearm Bill of Sale
Helping record each time a firearm changes ownership in Maine, firearm bills of sale are considered extremely important. No criminal record check or any other steps are necessary before selling a gun in Maine.
The points you do have to indicate on the gun bill of sale form include your firearm’s make, model, and caliber. Additional info to be noted is the personal information of both parties of the sale (including the driver’s license numbers), the identification number and the cost of all guns.
The purchase price of the gun is taken into account for personal property tax, rates, as well as any other costs that might be relevant in your region.
General property Bill of Sale
A free generic bill of sale form may be applied for practically all bills of sale. Nevertheless, where there is amore specialized bill of sale form in the state of Maine, you may be more well off choosing that form.
However, to have an additional layer of protection for you as well as the purchaser, you would possibly decide to try picking a generic bill of sale even where a specialized bill of sale isn’t needed.
It’s also possible to cover sizable transfers of property by using those bills of sale, without requiring one for smaller assets.
Being far less specific when compared with other forms, general bills of sale need to contain merely precise information of the terms and conditions of the sale event and what you sell.
Is it obligatory in Maine to notarize your bill of sale form?
Maine lets you use the bill of sale without getting it notarized. However, it might appear the purchaser or the selling party still decides on the bill notarization. Maine is a non-notary state, which implies there is not a demand for titles to get notarized.
This does not keep one from getting your bill of sale notarized – it only hardens the procedure.
Additionally, on every bill of sales, the individual details that include the DLN, legal name, and residence address for both the seller and the purchaser will have to be presented. There’s yet one more prerequisite stating that within the period of thirty days from the moment of the transaction, you must have the sales recorded.