A Bill of Sale is a document that is used to transfer ownership of a good or goods from a seller to a buyer. It acts as a proof of purchase, and is usually exchanged at the time that the ownership is actually transferred (for example, when car keys are handed over in exchange for cash). A Bill of Sale identifies the goods that are being transferred and allows the buyer to prove ownership of the goods, if there is a later dispute.

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1. This is the part of the bill of sale where the information about the witness present is stated. This is only pertinent if there was a witness present during the sale. You may check out more bill of sale formats at Bill of Sales in PDF. Real Estate Bill of Sale Contract.
2. The main purpose of car bill of sale is to document that a vehicle is being transferred from a seller to the buyer. Such forms act as a legal proof of transaction between two parties and are a very useful document both for the seller and the buyer.

General Bill Of Sale Format A bill of sale template should contains all pertinent information regarding the sale, such as the date, the price, time, warranty information (if needed), contact information of the buyer and seller, and other detail information of the sale.

This means that a Bill of Sale serves quite a different purpose from a Sale of Goods Agreement, (or a Vehicle Sale Agreement, in the case of a vehicle), although these documents look quite similar and may have many things in common.

A Sale of Goods Agreement is generally signed and exchanged between the parties ahead of time. By signing the document, the parties are agreeing that on some future date, the buyer will pay the agreed price for the goods, and the seller will hand the goods over to the buyer.

Instead, a Bill of Sale serves as a proof of purchase for the buyer, and confirms that the buyer has actually paid for the goods, and is now the owner of the goods.
This Bill of Sale is not designed for use in connection with real estate transactions.

How to use this document

This document can be prepared by the buyer or the seller. It is a good idea to provide as much detail as necessary so that the parties, the goods, the purchase price, and the various terms of the agreement can easily be identified.

Once the document has been prepared and before it is signed, make sure that both parties receive a copy of the document. Both parties should be given some time to review the document to make sure that their details are correct, that they understand the various terms, and that they are happy with the various terms.

At the time when ownership of the goods is transferred to the buyer (for example, when the buyer actually pays for and collects the goods), the parties should sign copies of the document. Both parties will need a copy of the document for their own records. Therefore, at least two copies of the document may need to be printed, so that each party can keep a signed copy. If the parties are individual persons (rather than companies) then they will need to have their signatures witnessed by independent witnesses who are aged over 18. They cannot witness each other.

Both parties should then keep a copy of the document for their own records.

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Applicable law

A Bill of Sale in Australia is subject to general principles of contract law.

If goods are being sold to the public, then the Australian Consumer Law which is set out in the Competition and Consumer Act 2010 (Commonwealth), may also be relevant.

Printable Bill Of Sale Sold As Is Pdf

How to modify the template

You fill out a form. The document is created before your eyes as you respond to the questions.

Car Bill Of Sale As Is No Warranty Pdf

At the end, you receive it in Word and PDF formats. You can modify it and reuse it.

A Real Estate Bill of Sale is a vital part of transferring a property from one party to another. Typically Bills of Sale confer ownership of an object or personal property in exchange for a certain amount of money or services. Thus serving two purposes; confirming that money has been tendered or services have been rendered by a certain date and acting as proof of ownership. A Bill of Sale for real estate or property does not do this. That is, it does not transfer or act as confirmation of ownership for a property by the payee. It does usually accompany the documents that do (i.e. a deed). The Real Estate Bill of Sale will however establish that a certain amount of money has been received by the seller or agent for a defined property. It is usually not required to file a bill of sale with the county or state unless it is specifically mentioned in the sales contract.

Although, this document may not carry the same power as a deed, warrantee, or even a quit claim, it does carry the legal weight that the ownership of the property must transfer appropriately since it is only issued when the proper amount of money has been paid within the time period required by the seller. This is especially powerful in a court dispute if it is referred to in a sales contract. Thus in and of itself, even a notarized Real Estate Bill of Sale will not be recognized as transferring ownership without a deed but it does guarantee that the property owner must provide what the bill of sale is for (deed, title, quit claim) or return the money in full.

How to Write

The Real Estate Bill of Sale may be very specific (especially if mortgages are involved) or short and simple. Information required on most bills of sale would include the seller and payee names, addresses, and the signatures of both parties with witnesses. The document will define the property location, provide an adequate description of the property, and must contain precise language that said property will be conferred to the payee upon receipt of the payment.

Property cannot be transferred through verbal agreements. That is all transfer of ownership must be in writing. This insures that ownership of property is recorded accurately by the county and state and at times helps prevent misunderstandings or needless court disputes.

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