Does a bill of sale have to be recorded?
Generally, a bill of sale does not have to be recorded but may be required as proof of ownership.
Who must sign a bill of sale?
The owners of the property being sold must sign. If the property is owned jointly, both owners must generally sign.
May I use a bill of sale for the sell of a dog?
Yes. A pet is considered personal property and may be transferred by personal property bill of sale.
What does with or without warranties mean?
A bill of sale with warranties means that you assure the buyer that the property is yours and that you have the right to transfer the property and will defend the buyer from other persons who may claim the property. A bill of sale without warranties means that you quitclaim the property and do not warrant title. A quitclaim is used in several situations, such as where the seller cannot prove ownership in the seller, or where the seller just does not want to warrant title to the property. This is similar to a quitclaim deed as compared to a warranty deed.
What are the execution and witness requirements?
The requirements of how the bill of sale must be signed is governed by State law and varies from State to State. Some States require that a bill of sale be witnessed, others require that it be notarized and some do not require witnessing or a notary.
What does “as-is” mean?
This means that the seller you do not guarantee the condition of the property or that the property is free from defect. The transfer is generally without warranties and is used to protect the seller.