![]() ![]() #NOTARIZED BILL OF SALE FOR MOBILE HOME SERIAL#along with any registration or serial or model numbers related to the vehicle. ![]() a full description of the trailer should also be included.notarized signature of all parties should be included to ensure validity.addresses of both the buyer and the seller.When drafting a trailer bill of sale all aspects regarding the purchase should be included to prevent confusion and to clearly establish ownership. The conditional bill of sale serves as a receipt that establishes the buyer’s right to refund of any payments made toward the purchase. A conditional bill of sale is used as documentation to establish forfeiture of any rights to refund of payments made by the buyer. In the case of default on behalf of the buyer. A conditional bill of sale allows the seller to retain legal ownership of the trailer while providing the buyer the right, has agreed on with the seller, to use the trailer until it is paid in full, once payment in full has been made, the seller will release ownership of the trailer through an absolute bill of sale. In contrast, a conditional bill of sale is a document that acknowledges only partial payment made by the buyer toward the purchase of the trailer. ![]() The law recognizes two types of bill of sale.įirst, an absolute bill of sale is signed when the seller acknowledges payment in full for the purchase of the trailer, either by cash or trade and transfers ownership and all future rights in regard to the trailer to the buyer. ![]()
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