06 Oct 2020, Alabama, USA

If you have ever made a transaction; sale or purchase of property, a car, motor vehicle, puppy or a boat, you must be knowing about the bills of sales. The bill of sale (BOS) is a legal document used as an evidence of transfer of legal ownership of any property from one person to another.

The document serves as a proof of purchase or sale and confirms ownership of any property. Under the state laws of Alabama, the document refers to the seller (who gives away interests in property) and buyer (the party taking over possession). The state of Alabama demands both the parties to keep at least one copy of the BOS for record purposes.

Requirements of the bills of sale?

As you get ready to create a bill of sale in Alabama, make sure that the document must identify the object under question. The document must contain every detail about the property’s identity, name, cost of sale, and addresses of both the parties, other specifications, claims, and warranties for the property. A valid bill must have signatures of both the parties, the date and time/location of the transaction.

In the state of Alabama, the law has provisions for the following types of BOS:

Car Bill of Sale Alabama

Unlike other states of the US, the state of Alabama needs you to prepare and sign a BOS for cars. This proof of purchase acts as a receipt for vehicle sale and contains contact information for the buyer and the seller. The objective is to protect the seller against any case if the buyer doesn’t register the vehicle or abandon it soon after purchase. Following are the Conditions for Car’s BOS in Alabama:

• The bull must have names and complete addresses of both parties. If dealing with a seller who is a dealer, the BOS must enlist his/her name in the license.
• The BOS must be dated to be valid.
• The BOS must have a full description of the vehicle’s registration number, model, making, year, body type, and the series number.
• BOS must have odometer readings at the time of sale.
• The BOS must be notarized, have a signature of the seller or the authorized seller’s representative.

Horse Bills of Sale

This is a legal document detailing a transaction between buyer and seller involved in sale or purchase and the change of ownership of the animal. The mandatory health examination must be performed before the purchase is complete. A deposit might be required for the same, and if parties finalize the sale, the amount of deposit is deducted from the outstanding balance. Here are the steps that are considered compulsory before signing a horse BOS:

• Identify the horse
• Determine the budget
• Find a seller
• Ask to take the horse for a test ride
• Negotiate the price before blocking down the deposit
• Reach out the vet for a pre-purchase examination
• Finalize the sale and create a BOS document

Motorcycle BOS

A motorcycle BOS is a legal agreement allowing the buyer to purchase and have a purchase receipt after the transaction is complete. This receipt is required during the tilting and the registration of the motor vehicle. If the buyer pays in cash, the BOS is the only proof of purchase and transfer of ownership. Any inspection request by the buyer must be completed before the transfer and the end of the transaction. For the BOS to be valid, it must be prepared in the presence of a witness and get notarized by the Notary Public in the state of Alabama. Rest of the process is simple, choose the motorcycle, fix a budget, find the seller, negotiate the price, get insurance, registration, and transfer of title, and finalize the deal.

Check here for free motorcycle, horse and car bill of sale Alabama forms and proceed with the process!

To know more visit: https://forms.legal/free-al-bill-of-sale/