Bill of Sale Arizona
No one likes to be on the wrong side of the law. And even worse, no one wishes to be accused of wrongdoing when they are innocent. Unfortunately, most people find themselves behind bars for crimes they didn’t commit and cases that could have been avoided were there evidence on the contrary. We’re talking about being accused of possessing property belonging to another person though you bought the property; your only crime – not having the right documents confirming ownership or the transfer of ownership. All you’re missing is a bill of sale.
A bill of sale, BOS, refers to a legally recognized and binding document showing that a seller has transferred the ownership of a piece of property or an asset to a buyer. You could think of it as a basic written agreement necessary for the sale of goods.
In the state of Arizona, the bill of sale represents legal documents which facilitate the exchange of ownership for different kinds of property. For validity, the state requires you to include specific information about the property ownership exchange in the free Arizona bill of sale form. But, when it comes to small personal items, the BOS isn’t always needed within the State. However, we recommend getting the BOS filled out and signed to protect your rights by owning the property you purchased.
In the free bill of sale form in Arizona, the state recognizes the party transferring ownership of an asset as a seller while the new owner of the asset is the buyer.
So, when do you need the BOS?
The circumstances change, and bill of sale are created to meet different needs. You could get this document for the sale of general property, motor vehicles, the sale of guns or the sale of boats, among others. This brings us to the main types of bill of sale in the state of Arizona.
Motor Vehicles BOS in Arizona
The motor vehicle BOS is the legal document that records the details of the transactions involved between two parties transferring the ownership of a motor vehicle. Like in most other states, the BOS for motor vehicles should be created according to the regulations set by Arizona’s DMV (Division of Motor Vehicle). Under the state laws, the parties in the motor vehicle BOS are the seller of the vehicle as well as the party buying the vehicle.
Note: unlike other departments dealing with motor vehicles, Arizona’s motor vehicle division doesn’t need the BOS for the transfer of titles and the completion of other transaction. The only reason why the BOS still exists and why recommend its use in the state is for the protection of the buyer and the seller; this is in accordance with Form 48-2004, the AZ BOS. While this document requires the seller’s signature only, it’s wise for the buyer to sign the document as well to acknowledge the participation of both parties in the transfer.
Still wondering why an AZ BOS is essential although the motor vehicle division in Arizona doesn’t need it? Well, it serves two other roles.
Seller protection: The BOS will protect a seller from any liability resulting from the actions of the buyer after the sale is complete. The AZ motor vehicle division will give you a sold notice for liability, but the BOS gives you information about the buyer (price paid, name and contact information, and date the vehicle was sold).
Benefits to buyer: besides being the record of the purchase, it gives other details like the buying price of the car. The purchase price is necessary during the car’s registration.
General BOS in Arizona
Are you planning to sell that old television, laptop, home theatre system or furniture? Get a general BOS. The BOS will have the name of the buyer and the seller and any other information about the item on sale.
Arizona laws require that the seller includes a paragraph explaining if the buyer takes the asset ‘as is” or if a guarantee for the item exists. The serial or model number and a specific description of the item are also necessary.
The amount given in exchange for the item should also be highlighted – the value in words first then in numbers.
The buyer and seller should sign the general BOS in the presence of the notary.
BOS for Boats in Arizona
If selling a boat, the BOS for the sale of a boat will protect your rights and rights of the buyer. The BOS has details of the buyer’s and the seller’s name, the driver’s license number, and the physical address. It should also carry specific information about the boat: the length, make, year, registration, hull ID, title number, and the odometer readings (in hours.
Since boats on sale come with trailers, the BOS should indicate whether or not the trailer is included. When present, the make and model of the trailer should be included. Also, make, horsepower, and year should be highlighted in a purchase with an outboard motor.
Note that the bill of sale for boats doesn’t have to be notarized, unlike other types of BOS in Arizona.
You can also get a BOS Arizona for the sale of guns.
If you are looking for expedited processing of that sale, in any city in the state of Arizona, you might want to get our bill of sale forms available and downloadable online and freely today.