Bill Of Sale | Propertylogy

Bill Of Sale

By on November 17, 2018

A bill of sale is basically a written instrument specifying the transfer of ownership of personal property.

It can sometimes be as simple as a piece of note stating the agreement.

This is sometimes requested by a home buyer on top of the deed because there was an agreement with the seller that certain property are to be included in the transaction.

A bill of sale would legally ensure that the ownership of personal property in question are pass along as well.

However, it must be noted that some states don’t allow it and there is a clear distinction between real and personal property that should not be blurred in real estate transactions.

 


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