This document is accurate and up to date! It was last reviewed by a lawyer in September 2024.
A Bill of Sale, similar to a Sales Agreement, is used to document that a buyer has bought and paid for one or more specific items (worth more than $500) (e.g. car, animal, electronics) from the seller and is entitled to ownership of the item(s). In addition, the time and place of the purchase, purchase price, method of payment, and other related details are also included. Depending on your jurisdiction, a Bill of Sale may be required as a condition of transferring title to the buyer. A Bill of Sale CANNOT be used to buy or sell real estate.
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