Sellers are obliged to disclose the above information to buyers. After it has been repaired, the title will carry a permanent “brand” stating that the car has been reconstructed. Junk VehiclesĪny car in West Virginia that is declared “totaled” must have a salvage title before it can be repaired. Otherwise, it’s enough for the buyer and the seller to each keep a copy. These transactions should involve three copies of the bill of sale: one each for the buyer, seller, and DMV. Having a bill of sale to give to the Department of Motor Vehicles (DMV) is important if you’re buying a boat, trailer, or motor vehicle. Reach out to the Division of Education, Training, and Access to Justice to request legal translation services. You can work with a state-certified interpreter to get your bill of sale translated. However, the government of West Virginia only offers bills of sale in English. You can draft a bill of sale in any language. Additional Considerations Language Requirements Both parties can present the bill of sale when faced with legal disputes after the transaction is complete. Buyers receive proof of ownership, while sellers are protected from certain liabilities. Why Use a Bill of Sale?īeyond legal requirements, a bill of sale offers multiple benefits. You can use document templates provided by the state or a company like PandaDoc, or you can draft your own. In West Virginia, a bill of sale is required if you’re selling or purchasing a boat, mobile home, or motor vehicle. Using a bill of sale is always a good idea. Digital signatures are valid if they are processed through a certified digital signature provider such as PandaDoc.ġ. Certification/Signature: All parties involved must sign a bill of sale for it to be legally binding.Gift: For particularly large or expensive presents, a gift bill of sale can help all parties file taxes properly during the next year.As-is: If a bill of sale lists the item as being sold “as-is,” then the buyer agrees to buy the item in its current state with no holds on the seller.The witness can be a notary public or a third party agreed upon by both buyer and seller. Witness information: Some bills of sale must be witnessed to be legally binding.Disclosing this information is important if the property is in another state.
Property location: This is the property’s whereabouts, such as a county or state.Property: The asset that’s being transferred is the “property.” The bill of sale should list the date of transfer and a description of the property for identification.Sales tax: If a sold item is subject to sales tax, the bill of sale should include how much sales tax should be paid and whether or not sales tax is included in the price.The bill of sale should include their name and address, along with any additional buyers’ information. Buyer: The person taking ownership of the asset is the primary buyer.Seller: A bill of sale should include the primary seller’s information, such as name and address, as well as the information of any additional sellers.
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