1. Identify the parties
Full legal names and current addresses for both seller and buyer. Nicknames and initials create problems at registration time.
2. Describe the property precisely
The description must pin down one specific item: for a vehicle, that's year, make, model, color, VIN, and odometer reading; for a boat, the hull ID (HIN); for anything else, serial numbers and distinguishing details.
3. State the price and payment
The amount, the payment method, and that the seller acknowledges receiving it. Writing the amount in both numerals and words prevents disputes over a smudged digit.
4. Date it
The sale date fixes when ownership — and responsibility — transferred. For vehicles this matters for tickets, tolls, and accidents after the sale.
5. State the condition terms
Most private sales are as-is. Say it plainly: the property is sold in its present condition, with no warranties expressed or implied.
6. Warrant the title
The seller states they own the property free of liens and have the right to sell it. This is the buyer's main protection against buying someone else's loan collateral.
7. Sign — and check your state's extras
Both parties sign and keep copies. Some states want notarization or witnesses for vehicles; check your DMV. Or skip all of the above: the PlainBill generator assembles every clause on this page automatically as you type.