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Residential Lease Agreement
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Car Bill of Sale in Arizona {{ currentPage ? currentPage.title : "" }}

Top Things To Keep In Mind While Preparing A Vehicle Bill Of Sale

A bill of sale is an important document that is used to denote the occurrence of a transaction involving some asset, such as a vehicle. It has to mention that the transaction involving the asset occurred on a specific date between two parties – the buyer and the seller (with names and signatures included).

This piece of the document is legally binding, and can be used in a court of law for reference, if any confusion or legal problem arises involving the asset that has been transacted. While writing a car bill of sale in Arizona, here are some important things that you should keep in mind:

Date of transaction

It is often that in a hurry to complete the document, both parties forget to include the date of transaction. However, unless the document is given a date, it will be impossible to understand when the transaction actually occurred. It would have no significance in a court of law, if there is some problem associated to the item or asset of transaction (a vehicle in this case).

Location of transaction

It is also important to mention the location or the place where the transaction was carried out. Unless this is done as well, a court cannot determine where the asset was transacted in.

If you are the seller of the vehicle you have to mention the location - including the nearby landmark, so that it can be easier to identify the spot. You can download a vehicle bill of sale free template from the internet and find out that the location is an important section in this kind of form.

Vehicle identification details

When it comes to the main item or asset that is being transacted you have to include all the relevant information that you can. You should write the Vehicle Identification Number or VIN, model number, brand name, chassis number, year of manufacturing and other important information that must be there for proper identification of the vehicle in question.

Try to mention all the details properly, so that there is no error in the identification of the vehicle in question in a court of law, if some problem arises between you and the purchaser at a later date.

Author Bio

Carl writes often about legal drafting, rental & commercial lease agreements, power of attorney, Bill of Sale and help the people in such document needs.

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