What document is typically used to transfer ownership of personal property?

The bill of sale is the document specifically designed for transferring ownership of personal property. When selling personal items such as vehicles, furniture, or equipment, a bill of sale serves as a legal receipt that confirms the transaction and outlines the terms of the sale. This document typically includes vital information such as the names of the buyer and seller, a description of the item being sold, and the sale price. By providing this documentation, the buyer can prove ownership, while the seller can demonstrate that they have divested their ownership rights.

In contrast, a warranty deed is commonly used in real estate transactions to convey ownership of real property and to guarantee that the property is free from liens or claims. A property title refers to the legal document that signifies ownership of a property, but it does not serve as a transfer document on its own. A sales contract outlines the agreement between parties regarding the sale, but it is not the final instrument used to transfer ownership itself for personal property. Hence, the bill of sale is the appropriate choice for transferring personal property ownership.