This is a transfer of car ownership letter from Seller to Buyer with confirmation from the Seller that the Buyer is fully aware of the current state of the car and all relevant details pertaining to its quality and function.
The letter is from the transferor regarding the sale of the listed car to the identified Buyer. Car Ownership Transferral aims to transfer not only the vehicle but also all the legal liabilities regarding the vehicle to the car buyer.
The letter provides the car's registration details, license number, and also various details of the transaction itself. The Seller confirms that the car is being transferred with full awareness of the Buyer as to the nature of the transaction and the current state of the vehicle, particularly with regards to its function and quality.
This document should be carefully read by the Individual Seller and Buyer.
Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed.
The Particular vehicle and License number should all be clearly stated in the loan agreement.
If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.
The document should be duly submitted to relevant government departments for certification.
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