Bill of Sale
Professional Bill of Sale for Michigan commercial brokers. compliant with MCL 566.132, UCC guidelines, and Michigan-specific disclosure requirements.
Fill the form
Customized fields for your role
Preview live
See your document update in real time
Download PDF
Free watermarked or $9 clean copy
As a Michigan Commercial Real Estate Broker, navigating the transfer of high-value personal property—such as specialized equipment or HVAC units—requires more than a handshake. To mitigate... Read more
Customize your Bill of Sale
12 fields · Takes about 2 minutes
Accept terms in the form to enable downloads
Customize your Bill of Sale
12 fields · Takes about 2 minutes
Legal Document
Seller
[seller_name]
Buyer
[buyer_name]
The Seller hereby sells, transfers, assigns, and conveys to the Buyer, and the Buyer hereby purchases and accepts from the Seller, the following described personal property (the "Property"): [item_description]. The Buyer acknowledges that the Buyer has had a full and adequate opportunity to inspect the Property prior to the execution of this Agreement and accepts the Property in its current condition as described herein.
The total purchase price for the Property is [sale_price] (the "Purchase Price"), payable in full by the Buyer to the Seller on or before the Sale Date. The Buyer and Seller acknowledge and agree that the Purchase Price represents the fair and agreed-upon value of the Property as negotiated between the Parties at arm's length. Upon receipt of the Purchase Price in full, the Seller shall be deemed to have been fully compensated for the sale, transfer, and conveyance of the Property, and the Seller shall have no further right, title, or interest in or to the Property or the Purchase Price.
The Seller hereby represents and warrants to the Buyer that: (a) the Seller is the sole and lawful owner of the Property and has full right, power, and authority to sell, transfer, and convey the Property to the Buyer; (b) the Property is free and clear of all liens, encumbrances, security interests, pledges, claims, charges, and restrictions of any kind whatsoever; (c) the Seller has not previously sold, transferred, assigned, pledged, or otherwise encumbered the Property or any interest therein to any other person or entity; and (d) the Seller will defend the Buyer's title to the Property against any and all claims and demands of any person or entity claiming an interest therein.
Upon execution of this Agreement and receipt of the Purchase Price in full, the Seller hereby irrevocably transfers, assigns, and conveys to the Buyer all of the Seller's right, title, and interest in and to the Property, free and clear of all liens, encumbrances, and claims of any kind. Title to and risk of loss of the Property shall pass from the Seller to the Buyer upon the execution of this Agreement and payment of the Purchase Price. From and after the transfer of title, the Buyer shall be solely responsible for the Property, including its care, maintenance, insurance, and all risks of loss, damage, theft, or destruction. The Seller agrees to execute and deliver to the Buyer any and all additional documents, instruments, or certificates as may be reasonably necessary or appropriate to evidence or effectuate the transfer of title to the Property.
5.1 Governing Law. This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the state in which the transaction is consummated, without regard to its conflict of laws principles. 5.2 Entire Agreement. This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, understandings, negotiations, and discussions, whether oral or written, between the Parties relating to the sale and purchase of the Property. 5.3 Severability. If any provision of this Agreement is held to be invalid, illegal, or unenforceable by a court of competent jurisdiction, such invalidity, illegality, or unenforceability shall not affect any other provision of this Agreement, and the remaining provisions shall continue in full force and effect. 5.4 Amendment. This Agreement may not be amended, modified, or supplemented except by a written instrument signed by both Parties. 5.5 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. 5.6 Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Parties and their respective heirs, executors, administrators, legal representatives, successors, and assigns.
[item description ucc]
IN WITNESS WHEREOF, the Parties have executed this Bill of Sale as of the date first written above, each acknowledging receipt of a copy of this Agreement.
Seller
Name: Seller
Date: ___________________
Buyer
Name: Buyer
Date: ___________________
As a Michigan Commercial Real Estate Broker, navigating the transfer of high-value personal property—such as specialized equipment or HVAC units—requires more than a handshake. To mitigate misrepresentation claims and ensure compliance with the Michigan Statute of Frauds (MCL 566.132), you need a Bill of Sale that clearly delineates Triple Net lease responsibilities and CAM charge inclusions. This document protects your commission and provides the 'As-Is' disclaimers necessary under the Michigan Consumer Protection Act context to prevent future liability for your clients.
Beyond the standard bill of sale sections, this template adds fields specific to Commercial Real Estate Broker:
A Bill of Sale serves the core legal purpose of providing proof of the transfer of ownership of an item from the seller to the buyer. It formalizes the transaction and fulfills the legal need for documentation of the sale, aiding in preventing disputes over ownership and clarifying the terms and conditions agreed upon by the parties involved.
Misrepresentation claims
Detailed disclaimers in contracts stating that all representations are believed to be accurate but should be independently verified by clients.
Commission disputes
Clear agency agreements and commission schedules included in contracts outlining the fees and when they are earned.
Lease liability issues
Including precise language in leases regarding responsibilities for maintenance, repairs, and liabilities to avoid disputes.
For this bill of sale to be legally valid:
Common mistakes to avoid:
Real Estate Settlement Procedures Act (RESPA)
Governs real estate transactions including commercial ones, ensuring transparency in settlement services.
Enforced by Consumer Financial Protection Bureau (CFPB)
Truth in Lending Act (TILA)
Regulates the disclosure of credit terms to protect against unfair billing and credit card practices, applicable when financing is involved in commercial real estate.
Enforced by Consumer Financial Protection Bureau (CFPB)
Uniform Commercial Code (UCC)
While not a federal regulation, UCC is widely adopted state-level legislation that governs commercial transactions including real estate deals.
Enforced by Various state governments
Recommended coverage: Errors & Omissions Insurance · General Liability Insurance · Professional Liability Insurance
In Michigan, any agreement that cannot be performed within one year must be in writing. For commercial transactions involving high-value personalty or complex payment terms, a formal Bill of Sale is legally required to ensure the transfer of ownership is enforceable in state courts.
Yes. Clearly identifying items like security systems or shared maintenance equipment helps avoid future disputes over Common Area Maintenance (CAM) charges. Specifying who owns these assets at the time of the real estate closing prevents ambiguity in future lease audits.
To mitigate misrepresentation claims, Michigan brokers typically include a robust 'As-Is' disclaimer. While the UCC governs commercial transactions, expressing that the buyer has independently verified the condition of the assets is a critical risk mitigation strategy.
State laws affect what must be in this document. Pick your jurisdiction.
Bill of Sale
Create a Maryland-compliant Bill of Sale for music school assets. Protect your school with MD Code Com. Law § 2-201 standards for instruments and gear.
Bill of Sale
Secure your Indiana floral business transaction with a compliant bill of sale. Covers Ind. Code § 32-21-1-1 requirements for florist equipment and inventory transfers.
Bill of Sale
Secure your dental practice assets with our Arizona-compliant Bill of Sale. Protect against liabilities involving HIPAA, OSHA, and the Arizona Consumer Fraud Act.
Bill of Sale
Create a customized Bill of Sale for your Washington landscaping business. Protect against property damage, chemical liability, and disputes with clauses compliant withWA
Power of Attorney
Create a compliant NC Power of Attorney. Manage commercial listings, LOIs, and lease negotiations in North Carolina with broker-specific protections.
Non-Disclosure Agreement
Secure your listings and commissions with a NJ-compliant NDA. Protect CAM charges, cap rates, and TI allowances under the NJ Consumer Fraud Act and CEPA.
Demand Letter
Create a Florida-compliant broker demand letter. Resolve commission disputes and lease liabilities under Fla. Stat. § 725.01 and Chapter 542 with professional legal precision.
Power of Attorney
Secure Arizona-compliant Power of Attorney for CRE brokers. Manage triple net leases, cap rate negotiations, and CAM disputes with professional legal authority.