What Are The Steps To Write A Property Bill Of Sale?

Posted by Carl Glendon on November 11th, 2019

The sale of any property needs to be documented legally through a bill of sale in a written form. Whether you are selling or purchasing a piece of property, ensure that the bill of sale has legal validity to safeguard your interests. A property bill of sale, in order to have legal validity, needs to contain all the necessary terms and should be signed by the buyer and the seller – the two parties in the agreement. Know about the steps to write this kind of bill of sale.

Use a proper bill of sale

First of all, you need to download the template for the Property BOS (bill of sale) from any online legal document website. Make sure that you are downloading a bill of sale that has been formatted especially for your own state.

Include all the vital terms

You have to mention all the important terms. The essential terms include:

• Seller’s name and address

• Buyer’s name and address

• Description of the property

• Purchase cost

This is not different from a general bill of sale form, where you need to include the same details for the item that you sell - whether a horse or a car. Please visit this website for more info about free legal documents.

Mention the desire to sale

You need to state that you intend to sell the said property to a buyer in exchange for a specific sum of money in an "as is" condition. Mention that on completion of the sale, the possession of the said property will be transferred to the buyer within a specific time period – such as X number of days or months.

Sign the BOS and sell it

Next, you have to sign the bill of sale. Also give the date of the day you are signing it on, so as to be able to complete your transaction. For more information about getting an Arkansas bill of sale for boat, please visit this website.

Author Resource:-

Carl writes often about online legal drafting like affidavit, bill of sale and release/ waiver agreement to help the people. You can find his thoughts at legal bill of sale template blog. To learn more about drafting a vehicle bill of sale in TN online, visit this website.