Louisiana Personal Property Bill of Sale
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What Is a Louisiana Bill of Sale?
A Louisiana bill of sale is a written record that documents the change in legal ownership of an item. In addition to being required to transfer the ownership through a state agency, a Louisiana bill of sale is an important part of personal record keeping. It can be particularly valuable if there is a future legal dispute involving the item.
A Louisiana bill of sale is a legal document used to transfer ownership of a valuable item from one person to another, based on the specific state laws of Louisiana (LA). The item can be any kind of personal property that is bought or exchanged for money, or traded for another item of value.
On a bill of sale document, the person receiving the item is referred to as the buyer, and the person giving up the item is referred to as the seller.
Much like a retail receipt, a bill of sale proves that a transaction took place, and documents the legal transfer of ownership. You should use a bill of sale in Louisiana if you’re buying or selling a car (or any type of vehicle), a boat, a gun/firearm, a motorcycle, or a horse.
Common Uses of a Louisiana Bill of Sale
Louisiana bills of sale are most commonly used for buying and selling motor vehicles. Other personal property of value such as boats, guns, horses, laptops, furniture, jewelry, and equipment are also frequently bought and sold using bills of sale.
This form protects both the buyer and seller in the event that there is a problem after the sale.
Because bill of sale laws vary across the US, you need to use the form specific to Louisiana if you’re buying or selling a valuable item in the Pelican State.
Types of Bills of Sale
How to Write a Louisiana Bill of Sale
Once the terms of the transaction have been agreed by both parties, the buyer and seller should complete a bill of sale form. If the item being sold or exchanged is not a car, boat, firearm, or horse, a general Louisiana bill of sale can be filled out by including the following:
Seller and Buyer Information
The buyer and seller need to provide their respective contact details, including their full names, addresses (including cities, states, and ZIP codes), telephone numbers, and email addresses.
Item Information and Price
This section may vary depending on the type of item involved in the transaction, but you’ll always need to write the agreed-upon sale price and describe the item’s condition. Noting any faults or damage will help you avoid disputes later.
A Louisiana general bill of sale is a document that is generally used by two (2) private parties to show proof that a legal sale and purchase of a piece of personal property has been executed. The document provides descriptions of the item and any other information needed to show that the sale or trade was authentic. Notarization will be required.