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The Maryland Bill of Sale form serves as a crucial document in the process of transferring ownership of personal property, whether it be a vehicle, boat, or other tangible items. This form not only provides a legal record of the transaction but also offers protection for both the buyer and the seller. It outlines essential details such as the names and addresses of the parties involved, a description of the item being sold, and the purchase price. Additionally, it may include information about any warranties or guarantees associated with the item, ensuring that both parties are clear on their rights and responsibilities. By utilizing this form, individuals can avoid potential disputes and misunderstandings that may arise after the sale, making it an indispensable tool in personal property transactions in Maryland. Understanding the significance of the Bill of Sale is vital for anyone looking to buy or sell personal property in the state.
Maryland Bill of Sale Preview
Maryland Bill of Sale Template
This Maryland Bill of Sale is a legal document indicating the official transfer of ownership from the seller to the buyer. According to Maryland law, particularly the Maryland Transportation Code Annotated Section 13-207, any transfer of vehicle ownership must be documented and reported. This document serves as a record for both private sales and purchases of property. It is recommended to keep copies of this document for personal records and potential future verifications.
Information Required
Please fill in the following information accurately to ensure the validity of this Maryland Bill of Sale.
Seller's Information
- Full Name: ___________________________
- Address (Street, City, State, Zip Code): ___________________________
- Contact Number: ___________________________
Buyer's Information
- Full Name: ___________________________
- Address (Street, City, State, Zip Code): ___________________________
- Contact Number: ___________________________
Property Information
- Description of the Property (Include make, model, year, and any other relevant details): ___________________________
- Property's Serial Number or Vehicle Identification Number (VIN): ___________________________
- Sale Date (MM/DD/YYYY): ___________________________
- Sale Price ($): ___________________________
Declaration
I, the undersigned seller, declare that the information provided above is accurate to the best of my knowledge. The property listed is free from all claims and offsets. By signing below, I agree to transfer the said property to the buyer under the terms and conditions specified.
Seller's Signature
________________________________ Date: _____________
Buyer's Signature
________________________________ Date: _____________
This document is not complete without the acknowledgment of a notary. It verifies the identities of the participants engaging in the transaction.
Notary Acknowledgment
State of Maryland
County of ___________________________
On this day, ___________________________, before me, ___________________________, a notary public, personally appeared, known to me (or satisfactorily proven) to be the persons whose names are subscribed to the within instrument, and acknowledged that they executed the same for the purposes therein contained.
In witness whereof, I hereunto set my hand and official seal.
________________________________
Notary Public
My commission expires: _____________
Form Specifications
| Fact Name | Details |
|---|---|
| Purpose | The Maryland Bill of Sale form is used to document the transfer of ownership of personal property from one party to another. |
| Governing Law | The form is governed by the Maryland Commercial Law Article, specifically Title 2, which covers sales. |
| Types of Property | This form can be used for various types of personal property, including vehicles, boats, and equipment. |
| Notarization | Notarization is not required for all transactions, but it is recommended for vehicle sales to ensure authenticity. |
| Buyer and Seller Information | The form must include the names and addresses of both the buyer and seller to establish clear ownership transfer. |
| Payment Details | It should specify the payment amount and method, providing clarity on the transaction terms. |
| Record Keeping | Both parties should retain a copy of the completed Bill of Sale for their records, serving as proof of the transaction. |
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