The “Maryland General Bill of Sale” is an official record documenting the transfer of ownership for personal property from one individual to another. Primarily used in private transactions, this document ensures transparency, verifies the agreed-upon terms, and can be significant for tax, legal, or personal record-keeping purposes. Ensuring all parties understand their responsibilities and rights it safeguards both buyer and seller from potential disputes or misunderstandings.
This is the day the transaction takes place or when the document is signed. It helps establish the timeline for the sale and can be critical for legal or tax reasons.
Date: September 9, 2023
Buyer’s Name: Jane Doe
Mailing Address: 1234 Elm Street, Baltimore, MD 21201
Seller’s Name: John Smith
Mailing Address: 5678 Oak Lane, Annapolis, MD 21401
Description: Apple MacBook Pro, 15-inch, Silver, 16GB RAM, 512GB SSD, in good condition.
Serial Number (SN): XYZ123456789**
This segment shines a spotlight on the transaction’s financial structure. By meticulously checking the appropriate box, parties unequivocally lay out the terms, painting a transparent picture of the deal’s financial components.
Here, if the buyer pays via cash, they can specify the exact amount. It’s essential because it outlines how much the seller expects and when they expect it.
Seller accepts cash payment in the amount of $15,000
The date of this bill of sale.
At a future date no later than December 25, 20__
If there are other terms, detail them here.
Other: In three monthly installments of $1,500
If the property is gifted without a monetary transaction, it’s indicated here.
If the seller accepts another item as a trade, describe that item in this section.
Seller accepts trade for the Personal Property in exchange for a Red 2013 Honda Civic Sedan
This section validates that the seller attests to the truthfulness of the information provided and that the buyer comprehends the terms, primarily the purchase’s ‘as is’ status. This safeguards both parties from future disagreements regarding the property’s condition.
Rachel Green, 10th September 2023
Example: Ross Geller, 10th September 2023