FREE 10+ Boat Purchase and Sale Agreement Samples in MS Word | Google Docs | Apple Pages | PDF

Selling big equipment and property such as boats always needed some paperwork since the sale of a boat involves a large purchase transaction. Typically, the higher the price, the more paperwork will be involved. If you own several boats and you want to sell one or two boats, you need to prepare a boat title, proof of ownership, and boat purchase agreement to ensure that your sales transaction is done legally and according to your state’s laws and regulations regarding this matter. Using a formal boat purchase agreement protects you as the seller and your buyer from any legal repercussions and also avoids misunderstanding between the two of you. This article will guide you on how to make a boat purchase and sale agreement.

Selling big equipment and property such as boats always needed some paperwork since the sale of a boat involves a large purchase transaction. Typically, the higher the price, the more paperwork will be involved. If you own several boats and you want to sell one or two boats, you need to prepare a boat title, proof of ownership, and boat purchase agreement to ensure that your sales transaction is done legally and according to your state’s laws and regulations regarding this matter. Using a formal boat purchase agreement protects you as the seller and your buyer from any legal repercussions and also avoids misunderstanding between the two of you. This article will guide you on how to make a boat purchase and sale agreement.

10+ Boat Purchase and Sale Agreement Samples

1. Boat Purchase and Sale Agreement Template

2. Boat Purchase and Sale Agreement

3. Boat Sale and Purchase Agreement

4. New Boat Purchase and Sale Agreement

5. Boat Works Purchase and Sale Agreement

6. Second Hand Boat Purchase and Sale Agreement

7. Boat Brokerage Purchase and Sale Agreement

8. Yatch Boat Purchase and Sale Agreement

9. Boat Vessel Purchase and Sale Agreement

10. Boat License Purchase and Sale Agreement

11. Boat Slip Purchase and Sale Agreement

What is a Boat Purchase and Sale Agreement?

A  boat purchase agreement or also called a boat bill of sale is a legally binding written document that is used to outline the terms of a transaction between a private boat seller and buyer. It also signifies the transfer of the boat’s ownership from the seller to the buyer. A boat purchase agreement is needed because buying a boat is a large purchase and it serves as proof of the transaction being made.

How to Make a Boat Purchase and Sale Agreement

Every boat purchase and sale agreement is different from one another but it should include the following details:

• The name, address and contact information of the buyer and seller;
• A specific description of the boat. Include the brand, model, year of manufacture, length, and hull identification number (HIN).  Ensure that the HIN must be permanently marked on the boat transom. If your boat is powered by an outboard motor, its serial number should be listed separately. Don’t forget to include the list of any accessories or equipment that are included in the sale of the boat such as electronics, trolling motor, spare props, with serial numbers if applicable. Items that are not included in the sale must be listed as “excluded” on the agreement to avoid any confusion.
• State registration number of the boat.
• The price of the boat for sale. Don’t forget to list a separate sale price of the outboard motor and trailer if they are included.
• Other important terms and conditions of the sale include warranties, deposit terms, inspection, and repairs.

FAQs

Once you’re done drafting the agreement, make sure to review it and check to see if there are any errors or wrong information that you’ve accidentally input. Discuss it first with the buyer and ensure both of you understand and accept the terms of the agreement before signing it. To help you get started making the agreement, download our free sample templates above to use as your guide!