The buyer must sign both forms for the transaction to be official. Even after the vehicle has been rebuilt, the title remains вЂњbranded.вЂќДЄnyone who wishes to sell a salvage or rebuilt motor vehicle in Tennessee must give the buyer a Disclosure Of Rebuilt Or Salvage Vehicle along with the bill of sale. In Tennessee, any vehicle thatвЂ™s been declared totaled or otherwise marked as вЂњsalvageвЂќ must have a salvage title if the owner wishes to keep it. Otherwise, two copies of the bill of sale are enough: one for the buyer and one for the seller. These transactions must involve three copies of the bill of sale, so the buyer and seller can also keep a copy. You need a copy of the bill of sale to give to the titling agency for registered items like a boat or motor vehicle. The State of Tennessee provides a list of certified translators in this online directory. If you would like to draft your bill of sale in another language, you can work with a state-certified interpreter to get it officially translated. However, the state of Tennessee only provides bills of sale in English. You can write a bill of sale in any language. Additional Considerations Language Requirements This is helpful in avoiding legal disputes for both parties. A bill of sale helps protect sellers from liability concerns and gives buyers a means of proving ownership. Why Use a Bill of Sale?Д«eyond any legal necessity, bills of sale offer several benefits. If you decide to draft a bill of sale by yourself, be aware that there are a number of requirements the document needs to satisfy in the state of Tennessee.

You can create your own bill of sale or use a template provided by the state of Tennessee.

However, itвЂ™s always advisable to transfer ownership of high-value items with a bill of sale, even if itвЂ™s not legally required. In Tennessee, a bill of sale is helpful if youвЂ™re buying or selling a boat or a motor vehicle. Digital signatures are legal if they are received through a certified digital signature provider, such as PandaDoc. Certification/Signature: All parties involved must sign a bill of sale in order for it to be legally binding.Gift: A gift bill of sale can help both the recipient and giver file taxes for the year.As-is: If a bill of sale lists the item as being sold вЂњas-is,вЂќ 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 an agreed upon third party. Witness information: Some bills of sale must be witnessed to be legally binding.Property location: This is the propertyвЂ™s whereabouts, which is particularly important if itвЂ™s out of state or far away from the buyer or seller.Property: The item thatвЂ™s being transferred is the вЂњproperty.вЂќ The bill of sale should list the date of transfer and a description of the property.

Sales tax: If the sold item is subject to sales tax, the bill of sale should explain how much sales tax should be paid and whether the tax is included in the price.Their name and address should also be included, along with details on any additional buyers. Buyer: The person taking ownership is the buyer.Seller: Bills of sale should include primary seller information, such as their name and address, as well as that of any additional sellers.

Notarized bill of sale for car