What is a Bill of Sale in Pennsylvania?
Whether you are creating the bill of sale form in Pennsylvania or any other state, a bill of sale is a document that accompanies various deals. It gives certain information about the agreement, including:
- Deal parties’ names and addresses
- Date of sale
- Item’s description and price.
After a bill of sale is written, parties sign it. In some cases, you will need to notarize the form.
A bill of sale serves as proof of the deal in the first place. With this paper, the former owner passes their right to use the item they sell to the new holder. It is also important to sign this document because the new owner might need it to register the item they have purchased. Without the completed registration process, some things cannot be used in Pennsylvania and other American states.
Pennsylvania Bill of Sale Types
Normally, people use bills of sale when conducting specific deals tied to car, boat, or gun sales. So, the most popular templates are:
It is a detailed form that some states require for the registration process.
The importance of a bill of sale grows if you sell or buy a gun. Keep reading to understand why.
As with the vehicles, a boat bill of sale is often needed for the registration.
If the deal object is not a car, a firearm, or a vessel, you may complete a general bill of sale template. This form will help with any item sale. People prefer using it when selling jewelry, art pieces, technically complex products, or other things.
Another type of form suggested in some states is a horse bill of sale. However, in the state of Pennsylvania, it is not considered popular.