Property Bill of Sale Form Template [Printable Word Editable]

A Property Bill of Sale is a legal document where the possession of personal or real property is transferred between a buyer and a seller. It is a documentation of the sale, and both parties have a written agreement of the terms, purchase price, and property description. It can be based on real estate, vehicles, equipment, or other valuable resources, depending on the kind of property. This document protects against the issues arising due to ownership, condition, or refunding of money after the transaction.

On the part of the seller, the Property Bill of Sale assures the seller that once the transfer of the asset has taken place, the liability ceases. To buyers, it provides them with a legal account of ownership that can be registered, insured, taxed, or even resold in the future. It renders the transaction visible, safe, and legally binding.

Related Products:

• Furniture Bill of Sale
• Notarized Bill of Sale
• Equipment Bill of Sale
• Real Estate Bill of Sale

Printable Property Bill of Sale Form Template [Word Editable]

An accurate Property Bill of Sale is a document that records all the details required for the transaction. It entails the registering of details of the information of both parties, description of the property on sale, agreed purchase price, and mode of payment. It also explains how the property is being sold either as it is or in the form of warranties.

The document is of particular importance in the high-value assets since they are likely to be useful as evidence in legal, financial, or insurance issues. It augments formal documents of transfer of ownership by giving an account of the transaction on a contractual basis.

Key Points of a Property Bill of Sale:

• Information of buyers and sellers: Full legal names, addresses, phone numbers, and signatures.
• Transaction Date – It is the date when the sale was made to establish a change of ownership.
• Description of Property -Detailed description based on the nature of the property, including:
• Real estate: description, parcel number, address, buildings.
• Vehicles/UTVs: manufacturer, model, year, VIN, color, mileage.
• Furniture/equipment: type, material, size, condition, unique identifiers.
• Condition Statement– It will state whether the property is being sold in as-is condition or with warranties.
• Purchase Price & Payment Method– The amount of sales and the method of payment (cash, check, transfer, financing).
• Delivery / Transfer Terms- It is the method and timing of the buyer receiving the property.
• Liability Release Clause– The seller will not be liable anymore once they are transferred.
• Taxes & Fees Responsibility -States that pay transfer taxes, recording costs, delivery, or other fees.
• Signatures and Notarization, Both parties will have to sign; notarization will provide additional legal protection.