A Texas trailer bill of sale is an essential document used during the purchase of a trailer. It proves that the actual sale took place at a particular date with details of the transaction captured in the bill of sale form. The details include the buyer and seller’s name, purchase price, date of sale, trailer description, notary public, and other relevant information.
Incorporating a trailer bill of sale protects both parties from illegal dealings from fraudsters. The document offers confirmation of ownership transfer and the details regarding the transaction. The bill of sale form is vital when you want to register and get a new title. It is also essential for record-keeping purposes in case the purchaser claims that the deal was illegal.
Texas bill of sale templates – read more about bills of sale related to other things in Texas.
After finalizing the sale, the next step is the registration process. Boat trailers must undergo the process of registration after purchase. In the State of Texas, you must register within twenty days of the purchase. Book an appointment at your local Texas Parks and Wildlife Department (TPWD) office and gather all of the required documents.
When you are ready to register, carry all of the documents to facilitate the registration process at the TPWD. Find a nearby office near your county to start the registration process. If you purchased the trailer in Texas, you must get a title certificate for the vessel.
All boat trailers need to have identifiers and titles in Texas. Below are the vessels that do not require registration:
The following are documentation that you must provide at the TPWD office. For a new trailer:
For a used trailer:
The following are particulars in the trailer bill of sale:
A legal representative should oversee the bill of sale’s signature by all the parties involved. After signing, the legal representative will imprint a state seal to indicate that the sale is successful. The seller must ensure that all the parties get a copy of the purchase agreement, and the customer receives the original copy.
Below, you may see the instructions compiled by using the template created by our experts. Yet, should there be a form supplied by your local authorities, it is recommended to choose it in the transaction.
Step 1: Indicate when the document is created.
Step 2: Enter the purchaser’s and seller’s information:
Step 3: Provide the descriptive details of the car:
Step 4: At this point, you need to indicate the way you will receive money for the deal.
Enter the transaction date and state the overall sum that must be paid for the trailer. As soon as that has been performed, you will need to mark the method of transaction:
Your next step is selecting the kind of payment:
Lastly, indicate whether the purchase price includes all applicable taxes.
Step 5: Go through the miscellaneous provisions.
They usually state that the buyer obtains the object sold in “as-is” condition and is liable for it once the purchase is finished.
Step 6: Sign the bill of sale form.
The purchaser is generally not requested to sign the bill of sale. Nevertheless, you’ll be more protected from legal troubles if all parties sign the document. As an extra precaution, you may have one or two people attest the process and sign the document.
Step 7: Have a notary public witness the document
Notarization is usually not needed, but it’s a solid option to create yet another layer of legal protection to the transaction.
In the majority of states, a bill of sale can be required in the course of title change, so the buyer should keep the original. As a seller, you could either get a copy and keep it or have a pair of identical documents signed and completed by both parties.