Colorado General Bill of Sale Form
A Colorado general bill of sale form provides individuals with a practical way to prove their ownership (or lack thereof) over an item. The document shows that the buyer legally acquired possession after paying for it. In the same light, it verifies that the seller received the payment and no longer has responsibility for it.
| Signing Requirements: Both parties must sign the document. |
What is a Colorado General Bill of Sale?
A Colorado general bill of sale represents the legal transfer of tangible or non-tangible property. It provides evidence of a buyer and seller’s agreement, including their method of carrying out the deal. Utilizing a bill of sale implies that the seller gives the item to the buyer in as-is condition. Therefore, the buyer cannot request money from the previous owner if it breaks or becomes defective.
Frequently Asked Questions (FAQ)
The numbered points below contain information on Colorado bill of sale forms.
1. How to Write a Bill of Sale in Colorado
Each person must enter their personal information into the document. This section includes their full names, home addresses, phone numbers, and email addresses. Next, the bill of sale must contain a description that identifies it. Distinctive features, such as its serial number, color, year, and brand, help to define the item.
The payment section of the document holds importance in that it provides proof of compensation. If issues arise after the sale, either party (or another person) can reference this information to determine liability or verify the transfer method. Whoever completes the form must provide the sale price (or value), taxes, the payment type, date of the sale, and additional terms. Lastly, the buyer and seller must provide their full name, then sign and date the bill of sale.
2. Is a Bill of Sale Required in Colorado?
Sometimes. Colorado car dealerships utilize a secure bill of sale. Private deals also require the buyer to have a vehicle bill of sale. Similarly, boat transactions require the use of a bill of sale. The form acts as a registration until the owner can apply at a Colorado Parks and Wildlife (CPW) location. Otherwise, residents do not need a bill of sale, but they should complete one as proof of purchase.
3. Does the Bill of Sale Have to Be Notarized or Witnessed?
No, a Colorado bill of sale does not need notarization or witnesses. Nonetheless, individuals can choose to sign in front of a notary public or witness to authenticate the form.