Transferring ownership from one person to another should be more than just through verbal means. For the property to be legally transferred to another person, a document should be present to support this. This way, when issues arise, this document can serve as evidence.
If you are planning to purchase a property, vehicle, or any valuable item, you may need to request for a bill of sale to prove that the ownership has been transferred to you. People commonly use a bill of sale when buying vehicles or machinery. And in our website, most of our Bill of Sale Template serve that purpose. We even have a bill of sale for transferring ownership when adopting dogs and other animals.
A bill of sale is a document or a certificate used to indicate a transfer of property or goods from one party to another. It can also serve as a legal evidence to show that a seller has transferred all the rights of the property to a buyer during their transaction. It is different from a receipt in its purpose because receipts are used to acknowledge that money was received from the payer.
Generally speaking, there are two types of bill of sale:
But isn’t a bill of sale a highfalutin term for receipt? These are some stark differences, however, between a bill of sale and a receipt:
What is the importance of bill of sale?
So if you are looking forward to transferring the ownership on a property you own, then make sure to hand out a copy of the bill of sale to the person whom you are transferring the ownership. And we have the bill of sale templates that you need. For convenience, full compatibility with MS Word and Apache OpenOffice, and for easy editing, these templates can be downloaded in Doc and Docx. You may be able to download these templates for free.
However, if you own a trailer and want to transfer the ownership to another, we have an entire collection of Trailer Bill of Sale templates here on our website as well. But if you couldn’t find what you were looking for on this page, then scroll down to the bottom and check out the links to other related contents found on our website.