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#Notarized bill of sale for boat how to
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#Notarized bill of sale for boat registration

#Notarized bill of sale for boat registration

However, broadly speaking, we can say that the mere fact a person remains on a vessel’s title or registration does not by itself make him or her liable for the acts of the new buyer. Like so many other legal questions, the potential lingering liability faced by a seller who remains on the title after the transaction has been completed will depend on the facts of each particular deal. This may occur by design if, for example, the buyer is trying to cheat his way out of paying use tax relating to the purchase.

Problems arise when the buyer fails to follow through. In a private party deal that is handled without a broker, the buyer is often given the job of recording the title and registration paperwork. An attorney can help prepare a bill of sale.Our reader’s dilemma is not uncommon. A bill of sale need not follow any specific template, so long as it includes the information required by your state. When you buy a boat, the seller will prepare the bill of sale (ask for one, if the seller just wants to give you a receipt). You may need to register the trailer separately, so be sure to check the rules for trailers as well. Each state will have its own requirements about forms and fees, but, in general, you will be able to use your bill of sale as proof of purchase to obtain the title from the state. It might be the department of motor vehicles (DMV) or the game and wildlife agency or another agency.Ĭheck your state's website to determine where you need to register the boat.

Once the sale is complete, the buyer must apply for legal title with the state agency that handles boat registration.

#Notarized bill of sale for boat how to

How to Get Title for a Boat with a Bill of Sale

#Notarized bill of sale for boat full

In this situation, the buyer takes on full responsibility should any claim arise after the sale. It's also possible to sell a boat without making any warranties about title. A warranty gives the buyer protection so that if a claim should arise that existed before the sale, the seller will be liable for it, not the buyer.

Signature by a notary, if required by your stateĪ warranty on a boat sale is a promise by the seller that the title to the boat is clear and that there are no existing outstanding claims against the boat (such as a loan) at the time of the sale.

Information about any warranties the seller is making about the boat.

Information on what is being sold along with the boat or watercraft, such as the trailer, life jackets, cover, etc.

Detailed description of the boat or watercraft including make, model, year, color, condition, and hull identification number (HIN).

Names and addresses of buyer and seller.

A notice of sale is a document used in real property to give notice of default proceedings.Ī vessel bill of sale provides proof of the sale of a boat that is more detailed than a receipt. A receipt or invoice contains just the basics: purchase price, brief description, and date of sale.ĭo not confuse a bill of sale with a notice of sale. A bill of sale legally transfers ownership and also can provide important warranties about the boat itself.Ī watercraft bill of sale is like a fleshed-out receipt. To do that, you will need a bill of sale from the seller. But before you can enjoy getting out on the water, you need to be sure the sale is handled legally.