Ohio Bill of Sale is a document drawn up when the ownership of some item of property is transferred from the seller to the purchaser. The creation of such a document helps make the property sale legal and safe for the parties concerned.
There are several variations of the bill of sale form, but the creation of each is quite simple. Before you start creating the Ohio Bill of Sale, look through our review. Here you will find the relevant information and a step-by-step universal guide to filling out the form.
What is a Bill of Sale in Ohio
In Ohio, the Bill of Sale is a document that confirms the transfer of ownership of the sold property item.
While creating a Bill of Sale is not necessary for concluding a deal between the seller and purchaser, citizens prefer to protect themselves by drawing up a Bill of Sale out of their own volition.
Besides, the Bill of Sale can be useful when registering some purchased items, such as vehicles and boats.
The Bill of Sale also contains a detailed description of the item, including a list of defects (if there are any). This information will help avoid litigation after the sale since the form contains the parties’ signatures confirming their agreement with the terms of the transaction.
Ohio Bill of Sale Types
There are several Bill of Sale alternatives in Ohio. Each of them is suitable for the sale of various categories of items. Choosing the correct version of the document will ensure that the necessary data is included in the Bill of Sale.
Boat Bill of Sale
This type of Bill of Sale is drawn up when selling watercraft. The document contains the parties’ data and a boat description.
Vehicle Bill of Sale
This document is drawn up upon transfer of ownership of the vehicle. A bill of sale of this type is mandatory when registering some vehicle standards.
Gun Bill of Sale
This type of Bill of Sale is created when the rifle is delivered. In addition to the parties’ info, this document contains the gun’s model and a detailed description.
General Bill of Sale
A general Bill of Sale is drawn up to sell furniture, household appliances, and other personal property.
Why Do I Need a Bill of Sale?
There are many reasons for arranging a Bill of Sale, but safety is the topmost. A bill of sale is not a mandatory document when selling personal property, but it can come in handy if something goes wrong after the transaction.
First, a bill of sale is proof of the transfer of the money (or other valuable items) for the object being sold. The seller will not be able to accuse the purchaser of theft since the transaction is documented.
Secondly, a bill of sale is proof of the transfer of ownership. It can be important in several cases. Proof of ownership is required when registering vehicles in Ohio, obtaining a gun permit. The proof of ownership transfer will help the seller avoid false accusations if the sold item has been used in illegal activities.
Ohio Laws and Requirements
We recommend that you carefully study the state’s laws before drafting any type of documents that will help you avoid confusion. If any of the wording raises doubts or is not clear to you, seek professional legal advice.
Even though Ohio Laws do not oblige citizens to create a bill of sale when trading personal property, this document may be useful to register some items. For example, a bill of sale can be used as proof of ownership when registering a vehicle or boat.
Do I need to Have a Bill of Sale to Register a Vehicle, Watercraft, or Firearm in Ohio?
Bill of Sale is not a mandatory document when registering a vehicle, a boat, and a gun in Ohio. However, a bill of sale can act as an acceptable version of the document proving ownership. Also, a bill of sale contains information about the item, which is useful during registration procedures. For example, when registering a vehicle, you must indicate the odometer readings. You can find this information in the Vehicle Bill of Sale.
Creating a Bill of Sale in Ohio
You can create a bill of sale yourself, but for best results, use our form-building software. Below, you will find a comprehensive step-by-step guide to filling in the Bill of Sale.
- Enter the Parties’ Names
In the first section of the document, enter the seller and purchaser’s names, as well as the parties’ contact information.
- Specify the Item Price and Info
Enter the cost of the item and describe the item being sold. This section contains a paragraph where you should submit the item’s defects (if any) and the item’s registration number (if applicable).
- Sign the Document
The purchaser and seller must sign and date the Bill of Sale if they agree to the terms of the transaction. Some records expect acknowledgment by a notary public. Revise the details and provide if applicable.