Delaware Bill of Sale Form
A Delaware Bill of Sale Form is a document used to legally record ownership transfers. It clearly shows that a property has changed hands between a buyer and a seller in Delaware.
Delaware Bill of Sale Types
As-Is
Vehicle
Why Do You Need a Delaware Bill of Sale Form?
A Bill of Sale is not a compulsory legal requirement for personal property transactions in Delaware. However, it is advisable to always have written evidence that can be legally enforced. This is very important when it comes to high-value items.
For motor vehicles, a Bill of Sale is crucial for the buyer. It is used to transfer the title and register the vehicle with the Delaware Department of Motor Vehicles.
It provides essential details such as the;
- Vehicle's identification number (VIN)
- Current odometer reading
- Agreed-upon sale price
According to Delaware law, the sale of goods above $500 must be followed up with a written agreement. This requirement makes a Bill of Sale necessary in Delaware before a property transfer can be enforced.
Notarization is typically not required for a standard Delaware Bill of Sale or for vehicle title transfers.
Common Uses of a Delaware Bill of Sale Form
The document can be useful in many ways:
|
S/N |
Uses |
Description |
|
|
Liability Transfer |
Documents a complete handover of all liabilities to the buyer |
|
|
Proof of ownership |
Details the transfer of ownership of an item |
|
|
Records and documentation |
For title transfers, registrations, insurance, and future sales |
|
|
Legal Requirement |
Compliant with all state and federal regulations |
|
|
Dispute settlement |
Prevents future disputes regarding the details of the sale |
A Bill of Sale is not a legal requirement in Delaware, especially for personal property sales. However, it is best to record the transfer with a written document when it comes to items of high value.
A Bill of Sale for a vehicle in Delaware must have identification details of all parties involved. These include full names and addresses. It must also have the vehicle's details, like the identification number, model, year, make, and odometer readings.
Generally, notarization of a Bill of Sale is not a legal requirement in Delaware. This applies to vehicles and general personal property transfers. The Delaware Department of Motor Vehicles does not require notarization for vehicle sales. However, for extra legal coverage and authenticity, notarization is vital.
For vehicle sales in Delaware, the buyer typically submits the Bill of Sale if required. In some cases, the MVD accepts a title transfer without it. Buyers also need a properly signed title, insurance proof, and a completed application for title (Form MV-212).