This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Alabama Agreement to Purchase Boat, Subject to Inspection, with Bill of Sale
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State:
Multi-State
Control #:
US-02204BG
Format:
Word;
Rich Text
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How to fill out Agreement To Purchase Boat, Subject To Inspection, With Bill Of Sale?
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FAQ
What do I need to bring to register a vessel purchased from an individual in Alabama? Bill of Sale that includes: (with seller's signature notarized; and complete description of the vessel including the HIN, year, make and model, serial number of the motor and horse power of the motor.
Alabama does not issue titles on boats. Boats newer than 1972 must have a 12 digit hull number. If you need to have a state assigned hull number, please follow the instructions on this form. Boats renew by 1st letter of last name.
Up to the buyer. Once the offer is presented to the seller, he then has that period of time to respond. The response may agree to all the contingencies and if he does, the parties have now entered into a contract to buy/sell the boat based upon those terms.
The bill of sale should contain:name and address of the buyer;name, address and signature of the seller;complete vehicle description, including the Vehicle Identification Number (VIN);description of trade-in, if any;purchase price of the vehicle;trade-in allowance, if applicable; and.net purchase price.
No title is required for boats in the State of Alabama. State, County, and/or Municipal sales taxes may be due when registered. All bills of sale must be notarized or have two witness.
The bill of sale is typically delivered as an ancillary document in an asset purchase to transfer title to tangible personal property. It does not cover intangible property (such as intellectual property rights or contract rights) or real property.
Boat owners can register, renew, or transfer boat ownership at any County License office. Dealers and liveries must register with the Alabama Marine Patrol Office in Montgomery, Alabama and must call to make an appointment at 800-272-7930. Boat registration fees are based on the length of the vessel.
The consideration is the value that the buyer transfers to the seller. Or, simply put and in most cases, the consideration reflects how much (or the dollar amount) the buyer spent to purchase the item. For instance, if the buyer purchases a car for $20,000 from the seller, the consideration is $20,000.
The consideration is the value that the buyer transfers to the seller. Or, simply put and in most cases, the consideration reflects how much (or the dollar amount) the buyer spent to purchase the item. For instance, if the buyer purchases a car for $20,000 from the seller, the consideration is $20,000.
No title is required for boats in the State of Alabama. State, County, and/or Municipal sales taxes may be due when registered. All bills of sale must be notarized or have two witness.