What Is a Bill of Sale?
A Bill of Sale is a legal document that formally records the transfer of ownership of personal property from a seller to a buyer. It serves as proof of purchase, outlines the terms of the transaction, and protects both parties. It is most commonly used when selling a vehicle, boat, firearm, equipment, or an animal.
Common Uses for a Bill of Sale
Does a Bill of Sale Need to be Notarized?
Notarization requirements for a Bill of Sale vary by state and the type of property being sold. In states like Louisiana, Maryland, Montana, Nebraska, West Virginia, and Wyoming, vehicle bills of sale generally require notarization. Even when not legally required, having a notary witness the signatures provides an extra layer of legal protection.
"As-Is" Sales
Most personal property sold between private parties is sold "as-is." A proper Bill of Sale will explicitly state this condition, meaning the buyer accepts the item in its current condition with all faults, and the seller makes no warranties or guarantees about its future performance. This protects the seller from liability if the item breaks down after the sale.
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