Facility we purchased has this recent story: Manager sold a motorcycle at auction. Tenant discovered the manager had not followed DMV procedures. Owner wound up buying back the motorcycle, giving free rent and paying attorney - overall loss close to $6k. Seems smart to check with the state's DMV before selling a vehicle. Meanwhile I think prudent to require current licensing - "non-operational" is usually bargain pricing. Followup periodically with owners to ensure licensing remains current. Record the license number & VIN with original contract. Be sure tenant signs insurance waivers.