LawDepot’s questionnaire lets you create a Bill of Sale that you can download as a PDF to print and sign. First, select the type of item you’re selling. This can be a motor vehicle, equipment, watercraft, animal, or other kinds of personal property. Then, complete your document with the following steps:
1. Give details of the item being sold
A Bill of Sale must have thorough details about the item being sold. For example, if you’re selling a boat, you must include information like the make, model, and hull identification number (HIN).
The more information you provide, the better. Adding features about the item will also strengthen the documentation for an as-is Bill of Sale. This can help if there is any issue regarding the condition or features of the item at a later date.
2. Include the seller and buyer details
Next, include the names and addresses of both you and the buyer. If either party is a company, you should include its incorporated name rather than its trade name.
3. Add payment details
Follow with including all the payment details for the sale. This includes:
- Price
- Sales tax
- Payment method (i.e., cash, bank cheque, Promissory Note, electronic funds transfer, etc.)
If the item being sold has any loans or liens, they must be included in your Bill of Sale. The seller will have to accept responsibility for anything outstanding on that item.
4. Provide final details
You can include any additional clauses that may be necessary for your sale. Even though LawDepot’s template automatically includes an as-is clause, you can specify if there are any other particular repairs or faults to the item to make a stronger agreement.
Finally, add your signing details. This will include the signing date if you have one arranged already. You can also include the number of witnesses you’ll have when you sign the document.
In some jurisdictions, the buyer isn’t required to sign a Bill of Sale. You can check with local requirements or ask a lawyer to see if the buyer must also sign. Alternatively, you can still have them sign for best practice.