Free Boat Bill of Sale

This free boat bill of sale or boat sales agreement may be used
for the transferring of title (ownership) of either a new or used boat and trailer.

When selling a boat, you may be liable for taxes and your bill of sale is required as proof of the selling price. That fulfills the legal requirement as far as your local authority is concerned.

For Sale sign on boat

However! For your own protection, you also need your document to record the provisions and terms of the sale between buyer and seller.

The free boat bill of sale on this page makes provision for recording a single payment and optional holding deposit.

There are also optional clauses addressing the repairs (if any) and which party will be responsible to effect the repairs.

Both these two optional clauses can be found at the end of the boat bill of sale.

We also have the following free legal forms available:

Boat Installment Sale Agreement - Makes provision for multiple payments
Limited Power of Attorney - To empower your Agent/Attorney to do a boat transaction on your behalf
Free Boat Rental Agreement

Please Note:
For more tips on buying or selling a boat,
please refer to our main Boating page.

Boat Bill of Sale

THE PARTIES TO THIS AGREEMENT ARE:

THE SELLER:

Full Names:

Identity / Social Security or Other number (Specify):

Physical Address:

THE BUYER:

Full Names:

Identity / Social Security or Other number (Specify):

Physical Address:

The parties choose the above stated addresses as their physical addresses at which legal proceedings may be instituted.

THE OBJECT OF THE SALE IS:

Type of Boat:

Make and Color:

Model:

Year:

Hull Identification Number and Registration Number and Certificate Number:

Make and Type of Motor:

Motor Identification Number:

Rated Passenger/Weight Carrying Capacity:

Odometer/Hours Reading:

Description of Trailer:

Registration Number of Trailer:

Description of Lifesaving and Safety Equipment:

Description of Other Equipment:

OWNERSHIP:

The Seller guarantees that he/she is the true and lawful owner of the boat (and motor, trailer, equipment) and that it is free of all mortgages, liens and encumbrances and any and all legal claims.

WARRANTY:

The Seller warrants that at the date of signature of this agreement there are no licensing fees or fines or other penalties outstanding against the registration of the boat (and motor, trailer, equipment) sold in terms of this agreement and declares under penalty of perjury that all the information contained in this document is to the best of his/her knowledge and belief true and correct.

NO WARRANTIES OR GUARANTEES:

The Seller or his/her agent gives no warranty or guarantee other than those specified above.

DISCLAIMER:

The boat (and motor, trailer, equipment) is sold "As-Is" and the seller shall not be liable for any defects, patent, latent or otherwise.

The Buyer admits having inspected the boat (and motor, trailer, equipment) to his/her satisfaction and that no guarantees or warranties of any nature were expressed or implied by the Seller or his/her agent regarding the condition or quality thereof.

LEGAL AGE:

Both parties declare to be of legal age and legally competent to enter into this agreement.

TRANSFER OF OWNERSHIP AND COSTS:

The Parties agree to sign all documents necessary to transfer ownership of the boat (and motor, trailer, equipment) from the Seller onto the name of the Buyer within 5 (FIVE) days of signing this agreement of sale.

The Buyer shall be liable for all costs relating to the registration of the boat (and motor, trailer, equipment) into his/her name and any other costs involved.

PURCHASE PRICE:

The Purchase price is the sum of ______________________

(__________________________________________________________)

The Purchase price is to be paid in full by bank guaranteed check or in a manner as agreed by both parties (specify) ___________________________________________

Ownership and possession of the boat (and motor, trailer, equipment) will only pass onto the Buyer once the bank honors the check or other legal instrument of payment.

POSSESSION AND TRANSFER OF RISK:

The Risk passes to the Buyer once the Buyer or his/her agent receives the keys to the boat or takes possession of the boat (and motor, trailer, equipment).

JURISDICTION:

The parties consent to the jurisdiction of the magistrate's
(other ________________) court for the district of ______________________

Signed at ______________________on this ______day of _________________20____

SELLER: ______________________________

1. WITNESS____________________________

2. WITNESS ____________________________

BUYER:_______________________________

1. WITNESS____________________________

2. WITNESS ____________________________

***

wrecked boat

Note:
If the seller is responsible for any repairs to be made prior to the transfer of ownership, it must be specified in your boat bill of sale and it can be done by adding the following:

REPAIRS

The Seller agrees to do the following repairs to the boat as specified in this agreement:

The Seller further agrees that the deadline to effect all the above listed repairs will be done by the following date __________________20______.

The Parties agree that should the above repairs not be done by the deadline as stated the buyer is relieved of all obligations in terms of this agreement and any and all monies paid by the Buyer to the Seller must be refunded in full within ______ days from the deadline, unless the Buyer has granted an extension to the deadline in writing.

Note:
You may wish to specify the terms of payment and details of the holding deposit if the buyer still has to get finance in place, by adding the following clause to your boat bill of sale:

TERMS OF PAYMENT:

The Seller acknowledges that a holding deposit in the sum of _____________ was received on _____________20____.

The Buyer agrees that the balance of the Purchase price in the sum of ________________ must be paid by ______________20____.

The Parties agree that the Holding Deposit is non-refundable. They further agree that should the balance of the Purchase price not be paid by the date as in above, the Buyer will have no further claims to the boat described in this agreement and the Seller is relieved of all obligations in respect of this agreement.

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