However, other bill of sale documents benefit from a notary seal since it authorizes the deal.įind a Minnesota Department of Public Safety (DPS) office to submit the required boat registration documents. The state only requires notarization for motor vehicle and firearm transactions. This step verifies the purchase, thus protecting both parties from wrongful accusations and liability. Even though the “buyer” receives the item for free, the two individuals must complete the agreement to prove the transfer of ownership occurred. Using a bill of sale, a person can gift an item to someone else. To finalize the form, the owner (the seller) and the buyer must include the following information: 1) a description of the item, 2) the payment type, 3) the purchase price, and 4) the names, addresses, phone numbers, and emails of both parties involved. As a result, they acquire rights and privileges for it. Trailer Bill of Sale – For selling and buying a tow-behind trailer.Ī Minnesota bill of sale recaps how and when a buyer paid for an item. Motor Vehicle Bill of Sale – Used by a seller to document the sale of a car to a buyer. General Bill of Sale – Records the transfer of ownership of miscellaneous items between a seller and a buyer. Boat Bill of Sale – Facilitates the transfer of a boat or other water vessel ownership from an owner to a buyer.įirearm Bill of Sale – Acts as a receipt when purchasing firearms from a seller.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |