Despite the fact that drafting a bill of sale form may appear needing tons of unwanted red tape, both the purchaser and the seller will definitely profit from getting it. It is not demanded to take a bill of sale for private sales. Even so, having one will ensure the fairness of the sale and avert any legal complications from the transaction.
Specific transactions necessitate specific bills of sale, and it is essential to find out which one, among numerous forms, has to be used in Maine.
There is our freely available printable Maine bill of sale form you are welcome to download and work with as a simple template for your sales to be certain that your bill of sale is valid in Maine.
Do not be worried if perhaps you are not sure how a bill of sale works, or how it covers you. We’ll list all information you should know on this page.
Depending on the circumstances and kinds of transactions, there exist particular forms of bills of sales. Clearly, for the kind of transaction getting completed, you’ll want the correct type of free bill of sale form to be chosen and enrolled properly with your state.
Normally, in the state of Maine, you are not required to notarize the bill of sale. Yet in certain cases, the purchaser or the vendor decides to notarize the bill of sale. Non-notary states, Maine included, do not demand notarization of the titles.
This doesn’t mean a person cannot get the bill of sale notarized, yet that may make the procedure more difficult.
Additionally, on all bills of sales, the identifying details such as the driver’s license number, official name, and place of residence for both the vendor and the purchaser will have to be presented. You’ll have 30 days from the time of the trade to authorize the transactions with the relevant desk.
In case a way more specialized bill of sale template is not expected in the state of Maine, you may simply go with a general bill of sale template for any type bill of sale. Still, you’re better off going with a specific bill of sale form when Maine does require it.
At the same time, where there is no specific bill of sale form, you will probably want to consider picking a general bill of sale anyway, as an added layer of safety for you and the purchaser.
General bills of sale may be used as insurance for large property transfers, even though for small properties it won’t be demanded.
Consider using these bills of sale for:
Given that general bills of sale are far less specific when compared to other kinds of bill of sale, make certain that you are extremely precise concerning the details of the items getting sold along with the conditions of the trade.
When it comes to motor vehicle bills of sale, you have to ensure you have all the details of the vehicle accurate for the bill of sale to be legal. These bills of sale let the vendor avert partial liability if an incident occurs one day. Furthermore, they help the purchaser make certain that the obtained vehicle has no undisclosed damage, and due to these advantages, motor vehicle bills of sale are viewed as being probably the most widely used types.
The information concerning the vehicle, like its make model, the latest registration number, as well as its latest mileage, is needed for your motor vehicle bill of sale to be concluded. Earlier than the transaction is concluded, you may well wish to prove the condition of your vehicle by having it checked to ensure both the purchaser and the vendor are informed.
Getting taken ownership of the vehicle, the buyer would probably also be accountable for fees for registration, regional tax, as well as any other charges, regardless that it is a Maine bill that concludes the transfer of property. Maine bills of sale need to include all the details you identify on the motor vehicle titles.
The procedure for a Maine bill of sale for a boat is very similar. You’ll require id numbers and registration plates, as well as any other specific attributes of the boat. In addition, to confirm the serial number on the register agrees with that of the boat, you will need to get the serial number verification form.
Being able to help monitor every time a firearm is being sold in Maine, firearm bills of sale are considered particularly vital. You don’t have to have a criminal history check or take other steps well before selling a firearm in Maine.
Nevertheless, you are still required to mention the model, make, and caliber of your firearm on the bill of sale. The cost and the identification numbers of all guns, as well as the individual details of the buyer and the seller with their driver’s license numbers included, also need to be listed.
The cost of the gun is used for property taxes, fees, as well as all additional charges that can be applied in your region.
Vehicles should be registered within a period of thirty days of the transaction or from the time you moved to Maine.
You’re required to prove you’ve got motor insurance having a minimum of $50,000 in coverage per injured individual as well as no less than $100,000 totally for everyone injured in an accident.
Excluding extra taxes or fees that may possibly be charged by your region, you’ll need to pay $35 for vehicle registration.
Maine boat registrations are valid for one year. All motorboats of any size, including airmobiles and personal watercraft, must be registered in Maine. Registering your boat will as well give you better access to various waterways even when it isn’t technically necessary for the type of your boat.
Fees for registration vary by the length of the boat. For transferring ownership of the boat, the two sides must sign the bill of sale.
There is not any specific law in Maine requiring guns to be recorded. Because of the non-existence of a state registry of firearms, you also don’t need to document the propriety rights change. Documenting guns you take with you when moving to the state is neither needed.
People are now allowed to carry handguns openly in the state in Maine. No license or permit is required.
The instructions below are based upon our sample bill of sale form. But, make sure you consider the standard document if it’s available from the local authorities.
Step 1: Specify the document’s creation date.
Step 2: Enter the particulars of all parties (seller and buyer):
Step 3: Fill out the information regarding the vehicle that you’re selling:
Step 4: Choose the way the buyer will buy the motor vehicle and for what amount of money.
Enter the sale date and specify the entire sum that must be paid for the motor vehicle. You need to also mark the sale method the buyer will go for:
Now, specify how the purchaser is going to pay:
The final thing to complete in this part would be to choose if all applicable taxes are included in the price.
Step 5: Look at standard terms and ensure that both parties have an understanding of them.
This part usually has the “as-is” paragraph that implies the object is purchased with no warranties.
Step 6: Sign the document.
The buyer’s signature is typically not needed. Yet, you’ll be more protected against legal troubles if both sides sign the form. As an additional precaution, you could have one or two people witness the process and sign the document.
Step 7: Have a notary public attest the form
Although notarization is rarely obligatory, it serves as another way to safeguard against legal difficulties.
The original bill of sale copy must be presented to the purchaser because they will likely need it to get a title to their new motor vehicle. As a seller, you can either get a copy and store it or have two identical forms signed and completed by both sides.