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Generic Bill of Sale Form - New York
What Is a New York Generic Bill of Sale?
A New York Generic Bill of Sale is a document that states the details of a transaction involving the sale of any property between the seller and the buyer. It records the transfer of ownership of various assets and legitimizes agreement between the parties. Along with the certificate of title and proof of registration, a Bill of Sale is usually enough to show you are the new owner of the property.
Alternate Names:
- Bill of Sale;
- General Bill of Sale.
The state of New York has one government-issued form available if you need to sell or purchase any type of vehicle. However, a uniform New York Bill of Sale form does not exist. If you want to create more documentation for the transaction, you may do it even without the help of a professional lawyer. You can create your own document using our customizable online template or download a ready-made one below .
How to Write a Bill of Sale in New York?
In New York, a Bill of Sale is only required when selling or purchasing a vehicle (a car, trailer, boat, snowmobile or an ATV). After the transaction takes place, you will need to register the vehicle with the New York Department of Motor Vehicles, and it is not possible to do without the necessary documentation.
It is, however, recommended to have a Bill of Sale when handing over any property - it will protect both parties in the event of any disagreements. It describes the goods and serves as a receipt for both parties if the document contains the following components:
- Offer . Both parties have reached a mutual agreement to exchange goods for a sum of money;
- Consideration . The Bill of Sale indicates the sum of money paid with the chosen method of payment;
- Acceptance . The signatures of the parties, or their legal representatives, demonstrate their willingness to fulfill the terms and conditions of the agreement, which makes the document legally binding;
- Legal intent . The seller and the buyer are of legal age, they have legal capacity, and do not act under an outside influence or force.
New York Bills of Sale should contain the following information:
- Full names, addresses, and identification of the parties;
- Location of the transaction;
- Date of the sale;
- Description of the goods;
- Warranty clause;
- Signatures of the parties.
The parties may alter their Bill of Sale so that it suits the particulars of their deal. It is highly recommended to make copies for the seller and the buyer so that they will avoid unnecessary problems in the future.
Does a Bill of Sale have to be Notarized in New York?
This document does not need to be notarized. The buyer and seller may choose to have their Bill of Sale notarized or witnessed, but that is strictly optional.
Related Templates and Forms:
- Other Bills of Sale for the state of New York;
- Generic Bills of Sale by state.
Download Generic Bill of Sale Form - New York
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