Free Boat Bill Of Sale Template
A Boat Bill of Sale, also known as a boat sale receipt or a boat purchase and sale agreement, is a document that transfers ownership of a given boat from a seller to a buyer. The contract holds legal value showing that the seller has transferred the right in the boat to the buyer. The Bill of Sale should be in both parties records as it can be beneficial in case of any dispute.
Boat Bill Of Sale Templates
The boat bill of sale form you need depends on whats included in the sale, and how your boat is registered or documented.
Bill of Sale for a Boat
Use a simple boat bill of sale template if youre selling a motorless boat or a boat with an internal motor.
Examples include canoes, sailboats, houseboats, and jet skis.
- Date and location of the sale
- Signatures of the buyer and seller
- In some states, a Boat Bill of Sale needs to be notarized for the document to be legally binding.
If the sale includes a warranty, document it on the Boat Bill of Sale. Private sales of boats typically dont offer warranties and are sold as-is, meaning the buyer agrees to purchase the vessel in its current condition.
What Is An As
Simply put, an âas-isâ boat bill of sale records a transaction where no warranties are made on the vessel being purchased. This means that the seller has agreed to purchase the boat as it currently appears or is described and has no recourse for legal action should the craft encounter any faults or technical issues after it has been received.
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Who Should Use A Boat Bill Of Sale
A boat bill of sale should be used by anyone who is looking to sell or purchase a boat, whether:
- Youre using a website or a trade portal
- Youre trading boats and associated items
- Youre selling or purchasing a used boat or associated items
- Youre selling or buying a boat through a commercial outlet.
Why Use A Boat Bill Of Sale
It is usually required that a person who has recently purchased a boat gets the ownership of the vessel as well as its registration under a new name.
Use a watercraft bill of sale to ensure that you have proof that the sale occurred on agreed terms. This legal document also confirms that the seller initially owned the boat and they decided to transfer the title to the buyer. A boat bill of sale also features a detailed description of the boat being sold . It serves as the evidence of the watercraft being in a particular condition when transferred to the customer.
Types of boats that might be acquired or sold with the help of this document include vessels like a canoe, fishing boat, yacht, cabin cruiser, sailboat, kayak, and other flotation devices for marine enthusiasts.
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Decide What Youre Selling
When an individual decides to sell their boat he or she must decide what will be going along with the boat including, but not limited to, outboard motor, trailer, life jackets, and other gear. Whether or not these items are included will determine the final value of the sales price depending on if its wanted by the buyer.
Bill Of Sale For Boat
This printable bill of sale for boat is the perfect option if you want to transfer ownership of your boat or vessel. It can be used as a legal document for the seller to keep a record of transfer of ownership and a record of proof of purchase for the buyer.
Along with boats, you can use this boat bill of sale with other types of personal watercraft such as:
You should also consider what will be going along with the boat such as outboard motor, life jackets, trailer, or other gear.
A boat bill of sale template is better suited for the sale of a boat rather than a generic bill of sale as it has specific requirements and details that you need to fill out.
These details include:
- Seller and Buyers contact information such as sellers name and buyers name
- Buyer information such as phone number and email
- The full buyer address such as buyer city, buyer state and buyer zip
- Seller address such as seller city, seller state and city state zip
- Thorough description of vessel including manufacturer, hull identification number , license plate number, horsepower.
Remember to really careful and clear when you fill out the vessel bill of sale form and try to give the correct information to the best of your knowledge.
There are two versions of the bill of sale template and you can find them in PNG format or PDF.
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How Much Would It Normally Cost For A Lawyer To Help Me Make A Vessel Bill Of Sale
The cost of finding and working with a traditional legal provider to produce a Vessel Bill of Sale might range anywhere from two hundred to one thousand dollars, depending on where you are and how complex the issue is. Rocket Lawyer offers much more than many other Bill of Sale template websites that you may discover. As a Rocket Lawyer Premium member, you can get up to a 40% discount when hiring an attorney.
Can I Create A Boat Bill Of Sale Online
By analogy with all legal documentation, a boat bill of sale form may appear to be too elaborate and confusing for the seller to create on their own. For this reason, we present everyone looking for a vessel bill of sale with a topnotch sale form, which you can quickly and effortlessly download from our site. After that, you may create your own boat bill of sale with any additional terms and conditions you want to include. All versions of such a bill of sale template are given in the most popular formats supported by Microsoft Word and PDF readers, and they are available for free download. By using our form, you can add any related information and rules you want as well as avoid being perplexed by the complex terminology of this legal document. Include all the information you need in the form, fill out all of the necessary blanks, and print it out for further use.
Besides that, you may enjoy the help of our reliable stage-by-stage builder to create an incredibly personalized boat bill of sale form.
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What To Include In Your Ad
You are going to want to include as much vital information as possible concerning your boat. Most advertising websites will have fields where you can input the necessary information. The main areas you are going to want to cover are:
- Title This is going to be the heading of the post and what entices visitors to click on your ad. Be sure to provide the essential information pertaining to the vessel. You may incorporate:
- Brief Selling Point
Buyer Registers The Boat
In most States, the buyer is required to immediately register the boat after the sale has been completed. This is commonly completed by providing the State with the signed bill of sale and title forms along with any registration documents. Depending on the State, there may be a sales tax that is required to be paid at this time. If the seller accepted partial responsibility for it, it still must be paid by the buyer.
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What Is A Boat Bill Of Sale
A bill of sale may be known by many names but functions as proof of payment, as well as documentation that an item has transferred from one owner to the next. It is documentation that a seller of a boat uses to document the selling of the boat to a buyer . It can be used for brand new or used boats , or a free boat being given as a gift.
Alternatively, the sale document also acts as a receipt for the buyer. This document generally includes seller information, details about the goods, location of the sale, price, buyer details, and method of payment. Many bill of sales are regulated at the state level. When this happens, the bill of sale should include every element required by law. Be sure to research and understand your states requirements for a boat bill of sale before buying or selling.
Both the purchaser and co-purchaser, along with the seller, should sign the document. Each party should keep a copy as proof of purchase or proof of payment. This document will legally transfer ownership.
A boat bill of sale explains any pre-existing warranties related to the vessel. In this sense, the document differs from a sales agreement. A sales agreement contains more specific terms and warranties.
What Are The Elements Included In A Bill Of Sale Template
If you are buying a vehicle in anytime soon, then you should understand that you would require a bill of sale in this regard. Protecting both the buyer and the seller by determining the terms and conditions, a bill of sale is one of the appropriate documents required in any transaction. If you are preparing to make your own bill of sale template, then you need to ensure about the following elements in the auto bill of sale.
The date in a bill of sale template is a very important element. The date written in the bill of sale will be the date of the actual purchase of the vehicle. Also, this date should be signed by both the buyer and the seller.
Detailed Description of the Vehicle
One of the most important elements that you must not forget to include is the detailed description of the vehicle. You should start by providing the type of vehicle for example, is it a boat, vehicle, car, scooter, bike cycle or any other form. Also, if the car has a tattoo or anything else such as the brand mark that is visible clearly, you must include that too. Next, you need to put the specific vehicle information such as the model number, make, year, vehicle identification number , odometer reading and the color of the vehicle.
Names of the Buyer and Seller
Purchase Price or Amount Paid for the Vehicle
Signatures of the Buyers and Sellers
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Drafting A Boat Bill Of Sale
Those in need of a boat bill of sale have two options. The easiest option is to download a free boat bill of sale online. The second option is to draft one. For the most part, all boat bills of sale follow the same guidelines.
A free, printable boat bill of sale is available online for every state. These templates have all the specific information details required by the state.
How Do I Sell A Boat
When you have decided to offer your vessel for sale, it is crucial to prepare for such a deal properly. Before you learn what a boat bill of sale should include, follow our comprehensive guide on selling a watercraft.
Step 1. Make Your Boat Look Presentable
Before presenting your vessel to the public, you must ensure that it is in excellent condition. Begin with eliminating any messes inside the boat. If your yacht or motorboat comes with a cabin, clean the interior surface from top to bottom with household cleaning agents and vacuum the floors. Then you will need to clean the outer surface of your boat. Start by washing the deck and going down to the hull to scrub off any dirt caused by water. Resort to a power washer if you cannot get rid of more persistent dirt.
To ensure that your boat will catch the eye of a prospective buyer, inspect it for breakages, scratches, and other damage. Analyze whether it is convenient for you to spend time and money eliminating defects in the pursuit of a higher purchase price. Certain flaws can be promptly repaired for a small price, while others, as you may think, will reduce your profit.
Step 2. Collect the Boats Documents
Besides a vessel bill of sale, there are several documents that the seller must provide when getting prepared to sell their watercraft. Hence, be sure you have the following documentation when signing the deal:
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What Is A Boat Bill Of Sale Used For
A boat bill of sale is used strictly for the buying or selling of a boat. It can be used for the sale of new, used, or even handmade vessels by a dealership or a private citizen. If the sale includes a trailer or motor, youll want to include that information in the document as well.
A sale form of this nature protects both the parties of any future issues, such as the boat being stolen and for the purposes of registration. Given many transactions are made in cash, proof that the item was paid for in good faith with proper documentation protects a buyer of stolen goods. The buyer has proof of payment in full, should there be any question later on.
Every state has a process for the registration of boats. Some states require that the owner has proof of purchase that lists several things, including the selling price and hull ID number.
Aside from the two most common reasons that the involved parties should keep a copy of the document, there are many other circumstances where it could come in handy. If insurance is required in your state, its likely that youll need legal documents to prove ownership.
Preparing Your Vessel For Sale
Before you present your boat to the public, you are going to want to make sure that the vessel is in tip-top shape. Start by emptying out any unnecessary clutter within the boat. If your boat contains a cabin, clean the inside top to bottom using household cleaning products and vacuum the floors. Next, you are going to want to clean the outside. Begin by washing the deck making your way down to the hull to scrub off any grime caused by the water .
Examine the boat looking for any defects such as scratches, rust, damaged parts, malfunctioning equipment, etc. Assess whether or not you think it is worth taking the time and money to repair the flaws to increase your chances of getting a higher price. Some defects may be easily repaired for a low price, others you may think will cut into your profit.
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Why Do We Need A Boat Bill Of Sale
A Boat Bill of Sale provides all the information about the boat, the seller, and the buyer and can be used as proof of ownership for the buyer. The document is necessary for registering the boat, and it can be helpful in tax calculations.
What should be included in a Boat Bill of Sale?
A Bill of Sale purchase and sale agreement should state the name of both the buyer and seller and the sum paid to transfer ownership. You should also include as many details as possible about the boat itself including:
- Manufacturer of the boat
What Information Is Included On A Bill Of Sale
An acceptable bill of sale includes all of this information
- year and make of the vehicle, boat, snowmobile or ATV
- vehicle identification number or the hull identification number
- date of the sale
- names and signatures of the buyer and the seller
The buyer and seller can make photocopies of the bill of sale to keep in their records. The new owner must give the original bill of sale to the DMV with the other required proofs of ownership. A bill of sale is not an acceptable proof of ownership without other proofs.
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Select The Boat To Sell
You should find this step easy if you have only one boat to sell. However, sometimes, a seller will have to choose between multiple boats to sell.
Identify which boat you are going to sell if you own more than one. Take the time to educate yourself on the value of the boat and which is more profitable.
After you choose which boat to sell, the next decision is what will go along with it. Boats, trailers, life jackets, and fishing equipment can be among the items in question. The buyer will be able to choose whether or not to include these items in the sale.
Enter The Selling Price And Method Of Payment
The buyer and seller should agree on a price and payment mechanism before meeting to finalize the transaction. When the customer registers their new boat, they will be required to pay sales tax however, you may choose to divide or cover the expense of sales tax by deducting the necessary taxes from the selling price.
Fill out your relationship to the recipient and the total worth of the boat and other things included in the transfer if the boat is a gift.
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Free Boat Bill Of Sale Form
Use our Boat Bill of Sale to record the sale of a boat and protect both buyer and seller.
A Boat Bill of Sale is a legal document that records the sale of a boat between two parties a seller and a buyer. In exchange for a certain amount of money, the seller agrees to transfer ownership of a boat to the buyer. A Boat Bill of Sale serves as an official record that a boat was sold on a certain date for a certain price.