What document is used to transfer ownership of furniture included with a rental home?

What document is used to transfer ownership of furniture included with a rental home?

• A. Lease Agreement.
• B. Quitclaim Deed.
• C. Bill of Sale.
• D. Title Transfer Document.

Answer: (C)

The Bill of Sale is the appropriate document used to transfer ownership of furniture included with a rental home. This legal document serves as a receipt that outlines the details of the transaction, including a description of the furniture, the purchase price (if applicable), and the names of the buyer and seller. It provides clear evidence that the transfer of ownership has occurred, which is particularly important when dealing with personal property items like furniture. In real estate transactions, while a Lease Agreement would outline the terms of rental and use of the property, it does not function effectively for transferring ownership of personal items. A Quitclaim Deed is typically used to transfer interest in real property and would not apply to personal property such as furniture. Similarly, a Title Transfer Document is used for vehicles or real estate, not for personal property like furniture. Therefore, a Bill of Sale is the correct choice for this scenario.

The Bill of Sale is the appropriate document used to transfer ownership of furniture included with a rental home. This legal document serves as a receipt that outlines the details of the transaction, including a description of the furniture, the purchase price (if applicable), and the names of the buyer and seller. It provides clear evidence that the transfer of ownership has occurred, which is particularly important when dealing with personal property items like furniture.

In real estate transactions, while a Lease Agreement would outline the terms of rental and use of the property, it does not function effectively for transferring ownership of personal items. A Quitclaim Deed is typically used to transfer interest in real property and would not apply to personal property such as furniture. Similarly, a Title Transfer Document is used for vehicles or real estate, not for personal property like furniture. Therefore, a Bill of Sale is the correct choice for this scenario.