What is a bill of sale used for?

A bill of sale is specifically designed to facilitate the transfer of ownership of personal property. This legal document acts as proof of the transaction between the buyer and seller, detailing the items being sold and the terms of the sale. It serves to protect both parties by providing a record that identifies what was exchanged and under what conditions.

When it comes to personal property, which can include anything from vehicles and furniture to equipment and collectibles, a bill of sale can clarify the specifics of the sale, such as the price, date of transfer, and details about the items in question. This is essential for both the buyer, who may need to prove ownership later, and the seller, who might want reassurance regarding the completion of the transaction.

In contrast, the other options refer to processes related to real property ownership or related activities, which do not utilize a bill of sale in the same manner. Transferring ownership of real property typically involves a deed, while documentation of property appraisals or recording land surveys connects to different legal and administrative functions that require specific forms other than a bill of sale.