December 24, 2020. Alabama, US

Whenever a property, a car, puppy, horse or a boat, you would need a bill of sale. However, it wasn’t always easy to create the bill of sale online, but thanks to Forms. Legal, now it can be easily created. The bill of sale (BOS) is a legally binding document which transfers the legal ownership of any personal property from one individual to the other.

It Works as Proof of Sale

The buyer calls it proof of purchase as it ensures the ownership of the property that is being sold or has changed hands. The bill works as a legal contract which records the agreement made upon the sale and the receipt of the property.

The laws of Alabama say that the proof of purchase document refers to the seller. The person who gives away their interest in the property. The buyer is the person who takes over the possession of the property. There are no restrictions to what limit the property could be exchanged. It also means that you can trade the property for other items, like the money or the valuable item.

Is there anything specific that has to be done?

In the state of Alabama, you and the party buying the property keep at-least one copies of the bills for the records. If there is a legal issue, there is proof that the property changed hands legally.

However, it should be noted the bill of sale applies to the transfers of the personal property. It doesn’t apply to the sale of services or the sale and purchase of the physical properties.

Understanding the requirements of the bill of sale.

When you are creating the free bill of sale form in Alabama, the document must identify the object changing the hands. The document must have the information about the identity of the property, the cost of the sale, name and address details of the seller and buyer. It should also have the specifications of the property and any other claims, representation and the warranties too.

Create a Bill of Sale for a Car

In the state of Alabama, the preparation and singing of a BOS for cars and other vehicles. It is must if the title is not available for sale. If the title is present, there is the title reassignment. The car proof of purchase also acts as a receipt of vehicle sales. The contact information of the two parties. It’s the primary role to protect the seller if in case the buyer doesn’t register the car.

The car bill of sale Alabama should have the names and the complete address of the buyer and the seller. The address should contain the street address and not the PO Box. It has to contain the date of sale to be valid. The BOS need the full description of the vehicle including the registration number, the make, model, year, body type and the series number. It should also contain the odometer readings during the time of the sale. The bill of sale has to be signed by the seller or his representative.

Horse Bill of Sale

It represents the legal document that gives the details of the transaction between the two parties. A deposit is required to conduct a health examination. When the parties move ahead with the sale, the amount is deducted from the balance. Before signing the BOS, the horse has to be identified, and the budget has to be fixed. Identify the seller, take the horse on a test ride, negotiate the price before reducing the deposit.

Use free bill of sale template pdf at Forms. Legal and create the BOS you need now!