The Mississippi Bill of Sale for Boat is a legal document that serves as evidence of the transfer of ownership or sale of a watercraft in the state of Mississippi. This document is crucial for both parties involved in the transaction, namely the seller and the buyer, as it protects their interests and ensures a smooth transfer of ownership. A Boat Bill of Sale in Mississippi includes various relevant details related to the boat and the transaction. These details typically consist of: 1. Identification of Parties: The bill of sale includes the names, addresses, and contact information of both the seller (current owner) and the buyer (new owner) of the boat. This section clarifies who is involved in the transaction. 2. Boat Description: The document provides a comprehensive description of the watercraft being sold, including its make, model, hull identification number (IN), year, length, color, and any other distinguishing features. This description helps to differentiate the specific boat from others. 3. Purchase Price: The agreed-upon purchase price for the boat is stated in the bill of sale. This section is crucial as it determines the financial aspect of the transaction. 4. Date and Location of Sale: The date and location of the boat sale are recorded to establish the timeline and jurisdiction of the transaction. It helps to track the legality and validity of the bill of sale. 5. Seller's Disclosure: In some cases, the seller may include a section for any disclosure regarding the boat's condition, defects, or damages. This is done to avoid any future disputes or claims related to the condition of the vessel. 6. Signatures and Notarization: Both the seller and the buyer, along with their witnesses, must sign the document to make it legally binding. Often, a notary public's seal and signature are also required to authenticate the signatures. In Mississippi, there are not typically different types of Bill of Sale for Boats as the same document format is used regardless of boat type or size. However, it is worth noting that certain additional documents may be required for specific vessels, such as a US Coast Guard documentation certificate for federally documented boats. In conclusion, the Mississippi Bill of Sale for Boat is a vital legal document that facilitates the transfer of ownership of watercraft. It encompasses essential details about the boat, purchase price, parties involved, and disclosure, ensuring a transparent and secure transaction.
Boat Bill Of Sale Mississippi
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How to fill out Mississippi Bill Of Sale For Boat?
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FAQ
Required DocumentsBill of Sale;Certificate of Title (if the vessel had a previous owner);Mississippi Motor Boat Registration Application;Mississippi Motor Title Application (if applicable); and.Registration Fees.
If you purchased your boat from an individual who previously registered/titled the boat in Mississippi, you must:Submit proof of previous registration.Submit the original boat/motor title(s) (if the boat was titled in the previous owner's name)Submit a witnessed or notarized bill of sale.
Boat registrations are valid for three (3) calendar years....Required DocumentsBill of Sale;Certificate of Title (if the vessel had a previous owner);Mississippi Motor Boat Registration Application;Mississippi Motor Title Application (if applicable); and.Registration Fees.
You must complete a boat and/or motor title application, sign, and have the application(s) notarized. You can obtain a boat and/or motor title at the MDWFP Headquarters ONLY. Mail the title application(s) to MDWFP Headquarters (MDWFP Title Department, 1505 Eastover Dr. Jackson, MS 39211).
A Mississippi bill of sale is only required to register a vehicle if you purchased the vehicle from an out of state dealer. If you purchase the car from another individual, you'll need the title.
Required DocumentsBill of Sale;Certificate of Title (if the vessel had a previous owner);Mississippi Motor Boat Registration Application;Mississippi Motor Title Application (if applicable); and.Registration Fees.
How to Complete the FormMake.Year.Hull ID Number.Registration Number.Title Number.Motor Model.Year (of Motor)Odometer Reading (in hours)
Your bill of sale must be notarized or signed by two witnesses. New or used boats purchased outside of this state must show proof of 7% Mississippi sales tax paid if this was not paid at time of purchase.
