Sample Of Deed Of Sale Of Motorcycle
Buying or selling a motorcycle requires a lot of paperwork, including a deed of sale. This document is a contract between the buyer and seller that outlines the terms of the sale, including the agreed-upon purchase price, the condition of the motorcycle, and any warranties or guarantees. In this article, we will provide a sample of a deed of sale for a motorcycle, along with tips for filling it out correctly.
What is a Deed of Sale?
A deed of sale is a legal document that serves as proof of ownership transfer from the seller to the buyer. It is a crucial document that protects both parties involved in the sale, as it outlines the terms and conditions of the transaction. In the case of a motorcycle, the deed of sale must include the make, model, year, and VIN number of the motorcycle, as well as the purchase price and any warranties or guarantees.
Sample of Deed of Sale of Motorcycle
Below is a sample of a deed of sale for a motorcycle:
DEED OF SALE OF MOTORCYCLE
KNOW ALL MEN BY THESE PRESENTS:
That I, [Seller's Name], of legal age, single/married, and a resident of [Seller's Address], hereinafter referred to as the "SELLER," for and in consideration of the sum of [Purchase Price] (P[Amount in Words]), Philippine Currency, to me in hand paid by [Buyer's Name], of legal age, single/married, and a resident of [Buyer's Address], hereinafter referred to as the "BUYER," the receipt of which is hereby acknowledged, do hereby sell, transfer, and convey unto the said BUYER, his heirs and assigns, the following motorcycle:
Make: [Motorcycle Make]
Model: [Motorcycle Model]
Year: [Motorcycle Year]
VIN Number: [Motorcycle VIN Number]
The said motorcycle is sold in its present condition, "as is," and the SELLER hereby warrants that he/she is the lawful owner of the said motorcycle and that the same is free from all liens and encumbrances, and that he/she will defend the title and rights of the BUYER against any and all claims and demands of all persons whatsoever. The BUYER hereby accepts the said motorcycle in its present condition, "as is," and acknowledges receipt thereof in full satisfaction of this purchase.
IN WITNESS WHEREOF, the parties have hereunto set their hands this [Date of Sale] at [Place of Sale].
Seller's Signature: _______________________________
Buyer's Signature: _______________________________
Tips for Filling out a Deed of Sale
When filling out a deed of sale for a motorcycle, it is important to include all the necessary information and fill it out correctly to avoid any issues in the future. Here are some tips:
- Include the make, model, year, and VIN number of the motorcycle.
- State the purchase price and any warranties or guarantees.
- Ensure that the seller is the lawful owner of the motorcycle and that it is free from all liens and encumbrances.
- Make sure both parties sign the document and include the date and place of sale.
- Keep a copy of the deed of sale for your records.
Conclusion
A deed of sale is an essential document when buying or selling a motorcycle. It protects both parties involved in the sale and ensures that the terms and conditions of the transaction are clear and concise. Use the above sample as a guide when filling out a deed of sale, and make sure to include all the necessary information to avoid any issues in the future.