New Jersey General Bill of Sale Form
A New Jersey general bill of sale form allows buyers and sellers to finalize the details of a transaction. Both parties complete it when the transfer occurs, then keep a copy for their records. The document never expires, meaning either person can use it indefinitely to verify the ownership change. At a minimum, the buyer and seller must enter the sale date, their names, the purchase price, payment method, and signatures. However, providing additional information further confirms the sale, thus giving the form more credibility.
|Signing Requirements: The individuals buying and selling the item must sign.
What is a New Jersey General Bill of Sale?
A New Jersey general bill of sale contains the major components of an item transfer. The buyer and seller complete the form by entering their full names, home locations, phone numbers, and email addresses. They also provide a brief description of the property, such as its serial number, color, brand, year, and other key identifiers. When completing the payment section, the individual must indicate the amount paid, whether the buyer included the tax amount, and the payment method. After reviewing the document and approving its contents, both parties enter their signatures and the date.
When Should I Use a Bill of Sale?
Residents handling vehicle transactions in the state must use a New Jersey bill of sale. The registering office recognizes and accepts completed documents of this type. It indicates that the transfer occurred and formally records the names of both parties. On the other hand, individuals only need a boat bill of sale when moving into New Jersey from a state that does not issue titles.
Otherwise, buyers and sellers do not have to use bill of sale forms; however, the state highly recommends it for ownership verification. The document allows either person to verify the transaction, which can prove handy if legal situations arise. For example, a buyer can use it to prove rightful ownership of an item. Similarly, a seller could utilize the form to confirm they no longer have rights or responsibilities for the property.
Is it Necessary to Notarize the Form?
New Jersey does not require the notarization of bill of sale forms in most cases. The document becomes authenticated once both parties sign. However, boat owners with a registered vessel in a non-title state must have the bill of sale notarized to obtain a New Jersey title. A certified notary public must witness the signing and attest to it by providing their signature, official seal, or stamp.