Bill Of Sale- Lease Option,
Make the bill of sale a valid document
Bill of sale is a document that signifies the buying and selling of a property. In this bill the seller writes off his ownership in favour of the buyer. The bill of sale signifies that a transaction took place and in return of the money the land or property ownership was transferred to the buyer.
The contents of bill of sale
The bill of sale must contain the name and address of the seller or the present owner of the property. The owner must first declare himself the lawful owner of the property. Thereafter, the name and address of the buyer who will become the future owner of the property is noted down, also the amount that has been given and taken during this transaction.
Any declaration that has to be made must be made at this juncture because after this it would not be possible to include it.
The seller must take all the responsibility of any claim that is made on the property later on
Bill of sale is an important document that can b used in the court of law as an evidence of transaction in case of any dispute regarding the ownership of the property.
At the end of the bill both the seller as well as buyer put their signature with dates thus sealing the deal.
Bill of sale is just like an elaborate receipt that allows you to keep an evidence of the sale and purchase of the real property from one hand to another in exchange of money.
Bill Of Sale- Lease Option, 9.5 out of 10 based on 2 ratings
BE IT KNOWN, that _______________________________________________
hereinafter referred to as “First Party”, for and in consideration of the sum of TEN ($10.00) Dollars and other good and valuable consideration, has received in lawful money of the United States from_______________________________________________________________
hereinafter referred to as “Second Party”, the receipt whereof is hereby acknowledged, has granted, bargained, sold, transferred, and delivered, and by these presents does grant, bargain, sell, transfer and deliver to Second Party, all executors, administrators and assigns, the following goods and chattels:
Appliances, fixtures and other personal property now existing in the premises located at
TO HAVE AND TO HOLD forever.
The undersigned does, for himself and his heirs, executors and administrators, covenant to and with the Second Party, all executors, administrators and assigns, that he is the lawful owner of the said goods and chattels, free from all encumbrances; that he has the right to sell the same, and that he will warrant and defend the sale of said property, goods and chattels hereby made, against the lawful claims and demands.
IN WITNESS WHEREOF, the undersigned has hereunto set hand and seal this ____________ ____________day of _______________, 20_________.
STATE OF )
COUNTY OF )
On __________________, 20______ , before me, __________________________, a notary public in and for said state personally appeared _____________________________, personally known to me (or proved to me based upon satisfactory evidence) to be the person(s) whose name(s) are subscribed to the within instrument and acknowledged that (s)he/they executed the same in his/her/their signature on the instrument the person(s) or entity on behalf of which they acted, executed the instrument.
Witness my hand and official seal
My commission expires ________________