PandaTip: If you wish the Lessor to bear fuel costs you can change this sub-clause. You can also split the fuel costs between the Lessor and Lessee by amending this clause. The IRS and your local tax agency expect you to report any gain on property sold, you can also deduct losses. You are expected to pay your tax obligation on personal property you sell such as real estate, land, vehicles or other assets. To learn more, see Do I need to pay taxes on private sales transactions. Our non-disclosure agreement templates make it easy to make your own. More than just a template, our step-by-step interview process makes it easy to create a Purchase Agreement. Save, sign, print, and download your document when you are done. Rocket Lawyer provides information and software only. Rocket Lawyer is not a "lawyer referral service" and does not provide legal advice or participate in any legal representation.