What Is an”as Is Bill of Sale?Īn as is bill of sale is a kind of form used when property is sold without a warranty. Instead, it just describes a piece of property and specifies who owned that property previously, who the new owner is, what money (if any) was paid for the purchase and the date of the purchase. And it cannot be used for the transfer of real property, which is any type of real estate like a house or lot. It also isn’t a service contract, which is used when someone is selling services. This document isn’t a sales contract, as a sales contract is more comprehensive and provides more details on the terms of a transfer of property, such as details about a warranty. It serves as a proof of purchase, which can be helpful when registering a vehicle or otherwise showing ownership of property. This is a simple legal document that shows when a purchase took place and the basic terms of the agreement.
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