Georgia Bill Of Sale Template
This is a simple legal document that shows when a purchase took place and the basic terms of the agreement. It serves as a proof of purchase, which can be helpful when registering a vehicle or otherwise showing ownership of property.
This document isn’t a sales contract, as a sales contract is more comprehensive and provides more details on the terms of a transfer of property, such as details about a warranty. It also isn’t a service contract, which is used when someone is selling services. And it cannot be used for the transfer of real property, which is any type of real estate like a house or lot.
Instead, it just describes a piece of property and specifies who owned that property previously, who the new owner is, what money (if any) was paid for the purchase and the date of the purchase.
What Is an”as Is Bill of Sale?
An as is bill of sale is a kind of form used when property is sold without a warranty. As is implies, as the name suggests, that the buyer is purchasing the property exactly as it is in its current condition.
Buyers should do their due diligence to make sure they understand the property’s condition because they can’t go back and complain to the seller or ask for a refund if they aren’t happy with the item in the end.