Watercraft and Boat Bill of Sale Forms - Illinois Watercraft Form
Be Assured the Transfer of your watercraft is Valid to relieve you from liability!
Bill of sale forms for boats, jetskis and other watercraft in every state are available at U.S. Legal Forms. An excellent way to learn more about bill of sale is our Bill of Sale Questionnaire.
Watercraft and Boat Bill of Sale FAQ Bill Sale Boat
What is a bill of sale? A bill of sale transfers title of an asset from the seller to the buyer.
What information is included in a watercraft and boat bill of sale form? The watercraft and boat bill of sale forms may include the following information:
- Consideration paid for the boat.
- Year/Make/Style/Color of the boat.
- Whether the boat contains certain features such as sink, shower, twin engine, etc.
- Signature of the seller(s).
- Signature by notary public.
What does "as is" mean? This means that there is no guarantee concerning the condition of the property or that the property is free from defect. Unless there is an added provision to the bill of sale that the seller warrants the condition of the boat for a certain number of days, the transfer is generally without warranties. However, the "as is" language clarifies that no written or verbal warranties were made to the buyer and is used to protect the seller.
What are the execution and witness requirements? The requirements of how the bill of sale must be signed is governed by State law and varies from State to State. Some States require that a bill of sale be witnessed, others require that it be notarized and some do not require witnessing or a notary. The forms provided comply with the laws of your State.