Kansas Vehicle Ownership Transfer Agreement
In Kansas, if you are planning to transfer ownership of a vehicle, you will need to complete a vehicle ownership transfer agreement. This document is essential as it serves as proof of the transfer of ownership from one person to another. The state of Kansas requires that you complete this document and file it with the Kansas Department of Revenue (KDOR) within 30 days of the sale.
What is a Kansas Vehicle Ownership Transfer Agreement?
A vehicle ownership transfer agreement is a legal document that is used to transfer ownership of a vehicle from one person to another. In Kansas, this document is also known as Form TR-312. This form contains all the necessary information about the vehicle and both the buyer and seller.
What Information is Required for the Form TR-312?
The following is a list of information that is required when completing Form TR-312:
1. Date of sale
2. Buyer`s name and address
3. Seller`s name and address
4. Vehicle identification number (VIN)
5. Make, model, and year of the vehicle
6. Odometer reading at the time of sale
7. Sale price
8. Signature of the seller
9. Signature of the buyer
After completing the form, the seller must sign it in the presence of a notary public. The notary public will then affix their seal to the document as proof of the seller`s signature.
Why is it Important to Complete the Kansas Vehicle Ownership Transfer Agreement?
Completing the Kansas Vehicle Ownership Transfer Agreement is important for both the buyer and the seller. It serves as proof of ownership transfer and protects both parties from any future liabilities or disputes.
For the seller, completing the form ensures that they are no longer responsible for the vehicle. If the buyer fails to register the vehicle or gets into an accident, the seller will not be held liable.
For the buyer, completing the form ensures that they have legal proof of ownership of the vehicle. This is important when registering the vehicle with the state and obtaining insurance coverage.
Conclusion
In summary, if you are planning on transferring ownership of a vehicle in Kansas, you will need to complete a vehicle ownership transfer agreement. This document contains all the necessary information regarding the vehicle and both the buyer and seller. Completing this form is essential as it serves as proof of ownership transfer and protects both parties from any future liabilities or disputes. Remember to file this document with the Kansas Department of Revenue within 30 days of the sale to avoid any penalties or fines.