The date of the transaction should be indicated on the top.
Parties’ details
- Buyer’s name and mailing address
- Seller’s name and mailing address
Personal property details
- Description of the property
- Serial number of the property if any
Purchase details of the item
This section requires details of the purchase of the property. It can either be:
- Cash payments and details therein such as date of transactions and other details
- Property is a gift
- Sellers has accepted the trade of the personal property in exchange for something else
The next section highlights the buyer and seller disclosure. The seller affirms that the details given on the personal property are true while the buyer accepts the receipt of the property. Once the details are entered and the buyer and seller have read and understood their disclosures, they should enter both their print names, signatures, and the date of the transaction.
As much as witnesses and notaries are not required, having them can be helpful especially where authentication of the property is required.