- #DIRT BIKE BILL OF SALE TEMPLATE FULL#
- #DIRT BIKE BILL OF SALE TEMPLATE REGISTRATION#
- #DIRT BIKE BILL OF SALE TEMPLATE FREE#
The onus shall be on the Buyer to file the lien release with the relevant public offices.
#DIRT BIKE BILL OF SALE TEMPLATE FULL#
Signing this agreement and shall furnish proof of such filing to the Seller.ġ2.3 The Seller shall issue a lien release within 5 (five) days of receiving full and final payment of all monies due under this agreement, where after Installment payments and all other amounts under this agreement have been paid in full.ġ2.2 The Buyer shall effect at his/her cost the filing of a financing statement at the relevant public offices within 5 (five) days of To his/her satisfaction and that no guarantees or warranties of any nature were expressed or implied by the Seller or his/her agent regarding its condition or quality.ġ2.1 A lien shall be recorded on the title of the motorcycle and the Seller shall retain a perfected security interest in the motorcycle until all The Buyer admits to having inspected the motorcycle The motorcycle is sold "As-Is" and the seller shall not be liable for any defects, patent, latent or otherwise. The Seller or his/her agent gives no warranty or guarantee other than those specified in 8.
#DIRT BIKE BILL OF SALE TEMPLATE REGISTRATION#
Penalties outstanding against the registration of the motorcycle sold in terms of this agreement. The Seller warrants that at the date of signature of this motorcycle installment agreement there are no licensing fees or fines or other
#DIRT BIKE BILL OF SALE TEMPLATE FREE#
The Seller guarantees that he/she is the true and lawful owner of the above described motorcycle and that it is free of all encumbrances In the event of default this motorcycle installment sale agreement may be turned over for collection and the Buyer agrees to pay all reasonable legal fees,Ĭollection and enforcement charges to the extent permissible by law, in addition to other amounts due. The amount due within _ days, failing which the Seller can demand immediate payment of the entire outstanding balance and accrued interest. If the Buyer fails to make any payment when due for whatever reason and the Seller provides notice of such failure, the Buyer must effect payment of Payment in terms of this motorcycle installment sale agreement shall be made at the above stated address of the Seller or at such place as mayīe designated from time to time in writing by the Seller or assignee of this agreement, or as mutually agreed by the parties. All prepayments shall first be applied to The Buyer may prepay the Outstanding Balance in full or in part at any time without premium or penalty. Outstanding late payment fees, then to accrued interest and thereafter to the Outstanding Balance. Starting on the _day of _20_ until the Outstanding Balance and accrued interest is paid in full. The Buyer will pay to the Seller _payments of $_ (_dollars) each at consecutive monthly intervals on the _day of each month, Within _days as stipulated in the payment terms. Late Payment Fees: An additional late payment fee in the amount of $_ (_dollars)shall be payable by the Buyer if payment is not made Interest Charges: Interest shall accrue at the rate of _percent(_%) per year on any unpaid balance. Identity / Social Security or Other number (Specify): THE PARTIES TO THIS MOTORCYCLE INSTALLMENT SALE AND SECURITY AGREEMENT ARE: Our Promissory Note page has more information on unsecured loans.ġ. You may choose not to record a lien on the motorcycle when doing an installment sale, although that carries a risk should the buyer go bankrupt. Motorcycle Power of Attorney - where an agent is acting on your behalf.įor additional guidelines when buying or selling a motorcycle, please refer to our main page on:Īnd for more information on recording a lien, permissible interest rates and defaulting on an agreement visit this.Lien Release - upon full and final settlement, to be issued to the buyer of your motorcycle.Free Motorcycle Bill of Sale - for use with a single payment.The following free legal forms are also available: NOTE: The sample motorcycle installment sale on this page is for multiple payments and makes provision for your document to be notarized.īefore compiling your installment sale agreement, you need to verify what the permissible interest rates and penalty rates upon default are in your jurisdiction. When the seller accepts payment terms when selling a motorcycle. Our free motorcycle installment sale, also termed a hire purchase agreement can be used
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