What is bill of sale Alabama?
Alabama bill of sale is a document used to signify the exchange of legal possession of an item or some kind of personal property. In this document, parties are referred to as the seller and the buyer. Since it documents the change in ownership, it is important that both parties keep one or more copies for the record.
Commonly used bills of sale in Alabama
In Alabama, the most commonly used bills of sale are:
- Bill of sale for abandoned vehicle
- Bill of sale for personal or commercial motor vehicle
- Bill of sale for a boat
- Bill of sale for a gun
Note: It is important to take into consideration that while all Alabama bills of sale will have some similarities, certain types of property must be documented in a bill of sale in a specific way. E.g.: The owner of the vehicle must be given a minimum of 30 (thirty) days’ notice before selling it off If the vehicle qualifies as abandoned.
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How to write an Alabama bill of sale?
This document should include specific information about the seller, the buyer, and the type of property to be transferred. If you are giving the property as a gift to another person, it is crucial to indicate it as well. General bill of sale Alabama should be made in case you are selling such type of property that does not qualify as a boat, motor vehicle, or a gun. This kind of bill of sale should include the information as indicated below:
- Names of the seller and the buyer (full, legal names)
- The seller’s and the buyer’s address (physical)
- The seller and the buyer driver’s license number
It is important to describe the property. If it has a model number or a serial number, or both (if possible) make sure that it is involved in the document. The next step is to include the purchase price or in case of trade, you should include the trade details. An Alabama bill of sale should include the date that it was created and the date of the payment. Any additional terms of sale should be indicated in the document. In the case of the trade, the seller must declare that they accept the trade as described in the bill of sale. The closing stage of the Alabama bill of sale is the seller’s and the buyer’s signature, and the date when the document was signed. Make certain, that the seller’s and the buyer’s names are clearly and correctly printed.
Alabama motor vehicle bill of sale
In order to draft this document you have to include the following information:
- The seller’s and the buyer’s names, contact information, and signatures
- Description of the vehicle
- Vehicle Identification Number (VIN)
- Odometer reading
- Year, make, and model of the vehicle
- Price of the purchase
- Date of the sale
Note: You will have to include the information about current lienholders, if applicable.
Is Alabama bill of sale necessary to register a motor vehicle
This paper is necessary to register a motor vehicle. The vehicle should be registered with the state within 20 (twenty) days of the vehicle purchasing. Form MVT 5-10 has to be filled out by a licensed official under Alabama section 810-5-1-247 if this is the first time that the vehicle has been registered in Alabama. Documents that you have to take with you when registering a motor vehicle are:
- Bill of sale
- Copy of your liability insurance
- The title
- Registration fee
You will have to complete form MVT 12-1 If you do not have a title. The registration process must be completed through the Department of Motor Vehicles (DMV) located in your county.
Click below to download a free template of the Alabama bill of sale