Generic Bill of Sale Form - North Carolina

Does North Carolina Require a Bill of Sale? {id="mcetoc_1dufijgdc0"}

The state of North Carolina has two specific Bills of Sale - to record the information related to the sale of boats and personal property (signed by the private entity and the Department of Transportation). Sellers and buyers, however, are allowed to compose their own Bills of Sale if they comply with state requirements. The parties may decide to negotiate the terms and conditions of the agreement and put them in writing if the seller wants to be legally released of any responsibility for the property and the buyer needs to obtain written evidence of legal purchase.

A North Carolina Bill of Sale usually contains the following specifics:

1. Full names, mailing addresses, and driver's license numbers of the parties;
2. Description of the property. Include such characteristics as a model, type, make, size, color, serial number, identification number. If there were any repairs documented or customizations made, mention them in writing;
3. Payment information. State the sum of money paid and the method of payment. If the deal involves installment payments, indicate that in the document;
4. Location and date of the sale;
5. Seller's disclosure. This provision is optional. The seller discloses any defects and faults the property may have;
6. Signatures of the parties. The seller and the purchaser sign the Bill of Sale or authorize their representatives to do it.

You should make copies of the document for both parties not only for the tax purposes or recordkeeping but also to avoid disagreements or fraudulent claims in the future. Properly written Bills of Sale are recognized by courts of law and accepted by government agencies, they provide all information about the deal and guarantee the condition of the property along with its authenticity.

Related Documents:

• Other Generic Bills of Sale by state;
• Bills of Sale for the state of North Carolina.