Are you buying or selling a vehicle or valuable item like a boat? A bill of sale is a document that can play a crucial role and serves as proof of transaction. When you are legitimately selling your asset, there is no harm in completing the documentation.
Also termed as BOS, it shows that the seller has received the amount for their right on the item sold. It could also be used to show that the seller gave the item as a gift.
Is BOS Important?
You have recently purchased an expensive antique jewelry set. Later on, you come to know that it wasn’t original, and there is no way to contact the seller either. Repenting your decision and getting angry with the seller won’t help. Instead, protect yourself against these situations in future by asking for a bill of sale.
It’s a document that protects you from being sued or worst arrested and jailed if the buyer fails to register the vehicle or abandons it. The bill of sale is a legal documentation of the sale of personal property and representation of the transfer of ownership rights. To the buyer, it is proof of purchase.
How to Get It?
To conclude a sale, you need to get the bill of sale template for Ohio from Forms Legal. Once you sign up with the site, you can get free access to create, edit and print as many documents as you need, including the BOS.
In the blank bill of sale, there are numerous fields which are required to be filled. Once completed, the form will have the details of the seller, the buyer, specification of the items being sold and the transaction details. With different usage, different kind of BOS can be generated.
When Do You Need BOS?
A bill of sale is used whenever any personal property is bought or sold. Here are some examples:
Vehicle Sale or Purchase
To sell one, you need to get a blank Ohio bill of sale form first. Once it is filled, it will serve as proof of sale and indicate ownership change.
Provide the date of the document, details of seller and buyer, including the mailing address of both. The name should be the same in government-issued identity card or driver’s license.
Specific details viz. VIN, odometer reading, model, year, make are also filled. If the vehicle is sold in as-is basis, it is mentioned too. The purchase price of the vehicle is also filled in the details.
Transaction details, including the signatures of the buyer and seller with date in the presence of witnesses, must be provided.
The last and most crucial is notarization. It’s done by a public notary which requests identification documents form the signatories before affixing the seal.
Boat Sale or Purchase
You will need a BOS if you want to sell your boat. Provide the details in the form viz. mailing address of buyer and seller, form-date and the payment date.
All the specific details about the hull, engine, and style have to be provided in the form as well. The odometer reading, condition details are also provided in the BOS. By filling in the details of flaws, the seller protects against legal issues later on.
Payment details indicating the purchase price have to be filled. Finally, it has to be signed before the public notary in the presence of witnesses.
Download BOS from Forms Legal Now!
If you are selling any personal property, e.g. vehicle, boats, or valuable antique items, you must sign BOS with the buyer and get it notarized. Create Ohio bill of sale at Forms.Legal now! Sign up for free and get access any other legal form for one week.