What is Alabama bill of sale?
Alabama bill of sale is utilized to signify the exchange of legal ownership of an item or some type of personal property. In the Alabama bill of sale, parties involved are called the buyer and the seller. Since a bill of sale Alabama records the change in ownership, it is crucial that both sides keep couple of copies for the record.
Typically used bills of sale in Alabama
The most typically used bills of sale in Alabama are: 1) Bill of sale for abandoned vehicle; 2) Bill of sale for personal or commercial motor vehicle; 3) Bill of sale for a boat; 4) Bill of sale for a gun.
For your information: It is crucial to know that particular types of property must be documented in a bill of sale in a specific way, while all Alabama bills of sale will have some similarities, for instance, before selling motor vehicle it off, the owner of the motor vehicle must be given at least thirty days’ notice, it is required If the motor vehicle qualifies as an abandoned.
How do you write Alabama bill of sale?
Alabama bill of sale must involve certain information about the buyer, the seller and the type of property that is to be transferred. It is crucial to indicate in a bill of sale If you are giving the property as a gift to another person. If you are selling kind of property that does not qualify as a boat, motor vehicle or a gun, in this case General bill of sale Alabama must be made. General bill of sale Alabama should involve the details as follows: 1) Names of the seller and the buyer (full, legal names); 2) The buyer’s and seller’s addresses (physical); 3) The seller and the buyer driver’s license number.
It is also very important to detail the property. If it has a serial number or a model number or both make certain that it is included in the bill of sale Alabama. You should include purchase price as well, or if it is trade you should involve details of the trade. A bill of sale Alabama must include the date that it was made and Payment date. Any additional terms of sale must be declared in a bill of sale Alabama. In trade’s case, the seller must mention that they accept the trade as detailed in the bill of sale. The seller’s and the buyer’s signature is the closing stage of bill of sale is Alabama and do not forget to put the date when the document was signed. Doublecheck that the seller’s and the buyer’s names are correctly and clearly printed.
Motor vehicle bill of sale Alabama
In order to write motor vehicle bill of sale Alabama, you have to involve information as follows: 1) The seller’s and the buyer’s names, contact information, and signatures; 2) Description of the vehicle; 3) Vehicle Identification Number (VIN); 4) Odometer reading; 5) Year, make, and model of the vehicle; 6) Price of the purchase; 7) Date of the sale. If applicable, you should include the information about current lienholders.
Is it necessary to make Alabama bill of sale in order to register a motor vehicle?
In order to register a motor vehicle, it is required to have Alabama bill of sale on hand. Within twenty days of the vehicle purchase it should be registered with the state. If this is the first time that the vehicle has been registered in Alabama, form MVT 5-10 has to be completed by a licensed official under Alabama section: 810-5-1-247. When registering a motor vehicle, you have to take with you following documents:
1) Bill of sale; 2) Copy of your liability insurance; 3) The title; 4) Registration fee.
If you do not have a title, you should complete form MVT 12-1. Registration procedure must be completed at a Department of Motor Vehicles located in your county.
Below you can download free template of Alabama bill of sale: