What is Minnesota bill of sale?
Minnesota bill of sale is a document that certifies sale of a personal belonging, such as a car, boat, television, furniture, firearm, jewelry etc. So, Minnesota bill of sale is a legal document that is used to certify legal sale and purchase of a motor vehicles, vessels and personal items. This document will provide information about the selling objects and those parties, who are selling and buying above-mentioned objects. The parties of the MN bill of sale are mentioned as the buyer and the seller. This document involves information about the item to be sold. Notarization of a Minnesota bill of sale is not a legal requirement. Though, a bill of sale is a document for personal records, it is always better to add an extra protection on it. Both parties (the seller and the buyer) should retain completed Minnesota bill of sale.
Commonly used bills of sale in Minnesota
The most commonly used bills of sale in Minnesota are:
- General bill of sale
- Bill of sale for a motor vehicle
- Bill of sale for a boat
- Bill of sale for a gun
How to write a Minnesota bill of sale?
In order, to create a bill of sale Minnesota, you need to involve certain basic information in it, not matter what kind of item you are selling. Firstly, you are going to figure out about the basic information that should be included in every bill of sale. Afterwards, you will learn how to describe items for the most frequently used bills of sale. All of Minnesota bills of sale should include: Document drafting date (date can be placed at the top or in the sentence that identifies the seller and the buyer. If the document drafting date differs from the date when the buyer decides to pay for the item, then you should indicate the payment date, where the price of the selling item is mentioned). Lastly, Minnesota bill of sale must include the date when both parties sign the document.
In a bill of sale Minnesota, you want to list information as follows:
- Names of the seller and the buyer (full legal names)
- Physical addresses the seller and the buyer
- Driver’s license number or the state identification (ID) card number of the seller and buyer
Above information can help you to prove the legal right of the item possession, in case the item is stolen.
Take into consideration, when item is given as a gift, you should still create Minnesota bill of sale, where you will have to indicate that the selling object will be gifted to the purchaser, so, it becomes a proof that the person receiving the gift is an owner. You should also include the information about the item, if you decide to trade. When you touch on price, it should be firstly written in words and then in numbers. E.g.: Three-thousand one-hundred fifty-eight dollars and no cents ($3,158.00).
Seller’s disclosure can be used to inform the purchaser of any defects, imperfections or problems that the item has. It is crucial, because it helps to protect the seller, from being sued. You can write about physical flaws, such as, scratches on the surface of the dining room’s table etc.
In order to finalize the document, both the seller and the buyer should sign a Minnesota bill of sale.
MN general bill of sale
General bill of sale Minnesota is used for selling ordinary items such as, a television, bicycle, jewelry, a gaming system, electronics etc.
If you have item’s serial, registration or model number you should include them in the description of a Minnesota bill of sale. If the item for sale has a model or make number (such would be found with a television, bicycle or laptop), you should cover that in the MN bill of sale as well. Physical characteristics of the item, such as: color or size, can be also included in the document. If the item for sale has any accessories e.g.: power cord, earphones in case of laptop, etc.
Minnesota bill of sale for a vehicle
When you make a Minnesota bill of sale for a motor vehicle, you should include details of the vehicle as follows:
- Year
- Make
- Model
- Vehicle Identification Number (VIN)
- Odometer reading
- Indication of any damages that vehicle has
NOTE: For motor vehicles that are less than 10 (ten) years old, an odometer disclosure is not required. If the motor vehicle is under 6 (six) years old, in this case damage disclosure is required. If there is a claim on the motor vehicle, you will have to obtain a notarized lien release.
Check out more free templates here.
Is a Minnesota bill of sale necessary when registering a motor vehicle?
A Minnesota bill of sale is not necessary to register a motor vehicle. According to the Minnesota Department of Public Safety, there is no certificate of ownership needed other than a title. Though, only the seller may need to fill out the Report of sale form.
Where to transfer vehicle ownership?
Ownership of a motor vehicle can be transferred at any of the nearly 200 deputy registrar offices positioned throughout the state.
For your information:
- If you are the buyer, make certain you have the vehicle title before taking possession of the vehicle and that the owner’s name printed on the anterior of the title is the same person that sells the vehicle to you
- Verify that the vehicle identification number (VIN) on the dashboard is the same as the number printed on the title
- Mind that you have a signed lien release card or notarized lien release form for all secured parties (lien holders). The name of the first secured party is printed on the anterior of the title, as is the total number of claims on the vehicle.
Below you can download free template of Minnesota motor vehicle bill of sale: