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Transfer ownership of property quickly and simply with a quitclaim bill of sale.

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What's a quitclaim bill of sale?

Whether as a business or an individual, if you wish to sell property, or let go of excess merchandise or equipment, a properly drafted bill of sale can help dispose of assets quickly and conveniently. Although they don't afford a buyer the same protection from third-party ownership claims provided by a warranty bill of sale, a quitclaim bill of sale allows for simple transfers of property.

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Here's the info you'll need to have handy to complete your doc:

  • Who it's coming from

    Determine if a business or individual is sending the doc and have the name and contact info ready.

  • Who it's going to

    Know who this doc is going to and have the individual or business name and contact info ready. If it's a business, make sure you know the business type (LLC, corporation, etc.).

  • Which state will govern it

    Specify a state so it's clear what laws apply to the document.

  • Subject matter

    Have information about how much the buyer will pay, and if there are any liens on the property.

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Sample quitclaim bill of sale

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This quitclaim bill of sale is between , an individuala(n) (the "Buyer"), of , , , and ,an individual a(n) (the "Seller"), of , , , .

The parties agree as follows:

1. SALE OF PROPERTY.

The Seller hereby sells to the Buyer all of its interest in (the "Property"), currently located at , , , . This bill of sale is intended to pass title to the Property from the Seller to the Buyer as of the Delivery Date (as defined in section 5 below)as of its effective date, whether any of the Property is correctly characterized as a fixture as a matter of law.

2. PURCHASE PRICE.

As consideration for the sale of the Property, on or before the Delivery Date (as defined in section 5 below) the effective date of this bill of sale, the Buyer shall pay to the Seller the purchase price of $ (the "Purchase Price").

3. LIENS.

The Seller sells only the interest it may hold in the Property, and only to the extent that interest is transferable by the Seller. The Property is sold subject to any existing liens.

4. DISCLAIMER.

THE SELLER MAKES NO REPRESENTATION CONCERNING THE PROPERTY OR THE SELLER'S TITLE TO THE PROPERTY. THE BUYER IS ACQUIRING THE PROPERTY BASED SOLELY ON THE BUYER'S OWN INDEPENDENT INVESTIGATIONS AND INSPECTIONS OF THE PROPERTY AND NOT IN RELIANCE ON ANY INFORMATION PROVIDED BY THE SELLER OR THE SELLER'S AGENTS.

5. POSSESSIONDELIVERY.
The Buyer shall take possession of the Property on the effective date of this bill of sale.
The Seller shall deliver the Property, and the Buyer shall take possession of the Property, at the Seller's address as listed above, on or before (the "Delivery Date"). The Buyer, either itself or through a third party, shall appear at the Seller's address during standard business hours on the Delivery Date to remove the Property. If the Buyer does not appear at the Seller's address on the Delivery Date to remove the Property, the risk of loss of the Property passes to the Buyer.

6. NO INDEMNIFICATION.

The Buyer will not indemnify the Seller for any claims made in connection with the sale or use of the Property after the effective date of this bill of sale. After the Delivery Date effective date of the bill of sale , the Buyer shall indemnify the Seller from all claims made in connection with the sale or subsequent use of the Property, whether those claims are incurred by the Buyer, or its employees, officers, or agents, or other users of the Property.

7. NO CONVEYANCE OF TITLE.

The Seller shall convey title to the Property to the Buyer when the Property is delivered to the Buyer and the Purchase Price has been paid in full. The Seller shall execute all documents presented by the Buyer that are necessary to finalize transfer of title of the Property to the Buyer. The Property has no title and the Seller therefore has no obligation to convey any title in the Property to the Buyer.

8. EFFECTIVENESS.

This bill of sale will become effective when all parties have signed it. The date this bill of sale is signed by the last party to sign it (as indicated by the date associated with that party's signature) will be deemed the date of this bill of sale.

9. ADDITIONAL TERMS OF SALE.

[SIGNATURE PAGE FOLLOWS]
Each party is signing this bill of sale on the date stated opposite that party's signature.
Date:_______________________ By:___________________________________________________
Name:
Title:
Phone No:




Date:_______________________ By:___________________________________________________
Name:
Title:
Phone No:




Witnessed By: _______________________________________ Date: ___________________
Name:
Address: