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#Notarized bill of sale georgia motorcycle registration

On the other hand, buyers receive valuable transfer of ownership evidence. For example, sellers are protected from liability. In addition to being a legal requirement for regulated or registered items, a bill of sale provides several benefits.

Special conditions attached to the sale.

You will likely find the following information written on an auto bill of sale: Additional information required for vehicle sales Also, you should consider any other agreements that may be pertinent to the sale - such as late payments, due dates for pending items, late fees, or interest rates. Remember that bills of sale are also useful for the transfer of other assets and personal property like furniture, a bicycle, a laptop, or even an animal like a horse or other livestock. Warranty details and other relevant information.A brief description of the item being sold.Contact information, such as phone numbers.You may also use this document to record the transfer of personal property, like purchasing or selling an old car.Ī bill of sale should include key information including the following: You will typically see or use a bill of sale in order to record the sale of motorcycles, automobiles, watercraft, or other similar objects.

#Notarized bill of sale georgia motorcycle registration

Vehicle registration and identification numbers.

Vehicle type (i.e., motorcycle bill of sale, car bill of sale, or boat bill of sale).

It is worth noting that a vehicle bill of sale also includes the following information: Also, the DMV in your state may require you to bring a completed and binding bill of sale along with you before the automobile title transfer paperwork and sale forms can be completed. Both the buyer and seller should understand this. However, in some cases, a bill of sale doesn’t prove ownership -a title transfer document does that. For instance, Tennessee and Illinois do not require an auto bill of sale. Keep in mind that a vehicle bill of sale isn’t required in all US states. This is important as it grants proof of ownership to the buyer while protecting you by proving you have sold that asset or vehicle to the buyer. If you are buying or selling an item or object, you should make sure there’s a simple vehicle bill of sale to substantiate your transaction. It does not matter whether you are running a remote startup, a huge corporation, or selling vehicles on eBay. You might associate bills of sale with used or pre-owned vehicles, but you may use this legal document for a variety of assets and items and transfer ownership easily.

You can use a bill of sale template for transactions involving motor vehicles, cars, motor homes, and other assets and personal property.

For instance, in Wyoming, a notarized bill of sale is usually required if you are selling or buying a motor vehicle, car or boat. You should know that a bill of sale takes many different forms, such as a promissory note or a purchase receipt.ĭifferent states have different requirements for a bill of sale. What is a Bill of Sale?Ī bill of sale, also known as proof of purchase, is a legal document used to transfer the ownership of an asset or object like motor vehicles. There are several fields included in a bill of sale and a standard bill allows you to document crucial vehicle information, including condition, odometer readings, purchase price, and any warranties, in one convenient place, minimizing the risk of any legal disputes in the future. Whether it is a truck or car, commuter or off-roader, a motor vehicle is usually one of your most important and valuable assets. The document makes the ownership more secure. If you are buying or selling a motor vehicle or automobile, a notarized bill of sale protects your interest and will make the transaction official. However, does a bill of sale have to be notarized? A bill of sale is a legal document that transfers ownership of goods, such as a car, from one party to another. You can create a bill of sale agreement to protect your interests. You will be glad to know there’s a simple way to protect the seller and buyer from disputes and misunderstandings. This is because even a small misunderstanding between the two parties during a financial transaction may lead to lawsuits or future disputes, and you don’t want that. Whenever you purchase or sell something, such as motor vehicles, you’ve to protect yourself or your business.