Tennessee Bill of Sale for WaterCraft or Boat
Understanding this form
The Bill of Sale for Watercraft or Boat is a legal document that formalizes the sale of a watercraft such as a boat. This form serves to record the transaction between the seller and buyer, detailing the consideration paid as well as key information about the boat being sold. Unlike generic bills of sale, this document is specifically tailored for watercraft transactions, ensuring accurate representation of both parties' rights and responsibilities.
Key parts of this document
- Identification of the seller and buyer
- Details of the consideration paid (amount)
- A comprehensive description of the watercraft
- Seller's warranty of ownership and freedom from encumbrances
- Signatures of both seller(s) and buyer(s)
- Notary acknowledgment section
When to use this form
This form should be used when selling or purchasing a watercraft. Examples include private sales between individuals or transactions at a marina. It is essential for documenting the terms of sale and proving ownership, which can be crucial for registration purposes or in the event of future disputes.
Intended users of this form
- Individuals selling a watercraft
- Buyers looking to purchase a boat
- Marinas or boat dealers facilitating sales
- Anyone needing to establish legal ownership of a watercraft
Instructions for completing this form
- Identify the parties involved: Fill in the names and addresses of the seller(s) and buyer(s).
- Specify the sale amount: Enter the total consideration paid for the watercraft.
- Provide a detailed description: Include the watercraft's make, model, year, and any identifying numbers.
- Obtain signatures: Both the seller(s) and buyer(s) must sign the document to validate the sale.
- Notarize the document: Have the signed form notarized to ensure legal enforceability.
Does this form need to be notarized?
Notarization is required for this form to take effect. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session, available 24/7.
Common mistakes
- Failing to provide a complete description of the watercraft may lead to disputes.
- Not obtaining signatures from all parties involved.
- Omitting the notarization step, which can affect the validity of the document.
Advantages of online completion
- Immediate access to a legally sound template drafted by licensed attorneys.
- Conveniently fill out and download from home without the need for in-person meetings.
- Edit the form as needed to accurately reflect the details of your transaction.
Form popularity
FAQ
A Tennessee bill of sale for a boat must be notarized. A bill of sale for a boat must include: Make and year of the boat. The length of the boat.
A boat bill of sale should include: The name, address and contact information for the buyer; The name, address and contact information for the seller; A description of the boatbrand, model, year of manufacture, length, Hull Identification Number (HIN);
Tennessee law requires that all mechanically powered vessels (including federally documented recreational vessels) and all sailboats which are principally used in Tennessee must be registered. (Boats are not titled in Tennessee.)
Seller's name and mailing address. Buyer's name and mailing address. Date of sale. Jet ski details, including: Make. Model. Year. Hull Identification Number (HIN) Color. Number of Strokes/Cylinders. Displacement (cc) Any damage. Odometer reading.
Once the sale is complete, the buyer must apply for legal title with the state agency that handles boat registration.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.
Write the title "Bill of Sale" at the top of the paper. Write the buyer's full name and address under the title of "Buyer." Write the seller's full name and address under the title of "Seller." Write down the year, make, model, color, current odometer reading, and Vehicle Identification Number from the vehicle.
Write a bill of sale. This document must include a vessel description, Hull number, purchase date, price, the names and addresses (including city state zip) of the parties, and the signatures of both the buyer and seller. If the boat is used, you'll likely need the boat's previous registration number. Boat title.
Can a Bill of Sale Be Handwritten? A bill of sale is a legal document that verifies you have sold your car and provides basic information about the vehicle or any other item and the terms of the sale.As, with any legal written document a bill of sale can be handwritten.
