Purchase Agreement For Boat

You can create your own boat purchase agreement or use a form that can be provided by your state (for example, search online for “Michigan Boat Purchase Agreement”). If you find a form, you`ll likely have details for your state. Some states require that the boat purchase contract be certified notarized by both the buyer and the seller. If a trailer is sold by boat, it is also listed separately with its Vehicle Identification Number (VIN). The agreement should include a separate selling price for the vessel, outboard engine and trailer. The agreement should also list all accessories or equipment sold by boat, such as electronics, trolling engine, replacement mounts, with serial numbers, if available. If you sell the boat, items that are not included in the sale may be listed as “excluded” in the sales contract. A boat purchase contract (also known as a boat purchase contract) is a document used to describe the terms of a transaction between a private seller and a buyer. This is a contract specific to the sale of boats and can be used for a powered or un propelled boat, as long as it is not a U.S. Coast Guard vessel, documented by the U.S. government, titled and numbered by a state (there are separate forms for the sale of a documented vessel).

In some states, it may not be necessary to sell boats to close the sale, but using a sale is a good idea because it proves the details of the deal. If the boat has a title – required in most states for boats longer than 16 feet – that title still has to be transferred from the seller to the buyer in accordance with state regulations. .