North Carolina Bill of Sale for WaterCraft or Boat
Definition and meaning
The North Carolina Bill of Sale for WaterCraft or Boat is a legal document used to transfer ownership of a watercraft from one party to another. This form captures essential details of the transaction, providing proof of the sale and protecting the rights of both the buyer and seller.
Key components of the form
This bill of sale includes several key elements that are important for a valid transaction:
- Buyer and Seller Information: Names and addresses of both parties involved.
- Watercraft Details: Description including year, make, model, and hull identification number (HIN).
- Sale Amount: The purchase price of the watercraft.
- Conditions of Sale: Whether the sale is 'as-is' or with warranties.
- Signatures: Required signatures from the seller(s) and notarization for legal validity.
How to complete a form
To complete the North Carolina Bill of Sale for WaterCraft or Boat, follow these steps:
- Enter the date of the transaction.
- Provide the complete names and addresses of both the buyer and seller.
- Fill in the details of the watercraft being sold, including make, model, length, and hull identification number.
- Specify the sale amount and indicate if there are any warranties.
- Both parties must sign the document in the presence of a notary public.
Who should use this form
This form is essential for individuals or businesses involved in the sale or purchase of a watercraft in North Carolina. It is used by:
- Private sellers transferring ownership of personal boats.
- Dealers selling watercraft.
- Buyers wanting to have a formal record of the sale for registration and insurance purposes.
Common mistakes to avoid when using this form
To ensure the bill of sale is valid, avoid these common mistakes:
- Failing to include complete and accurate details about the watercraft.
- Omitting signatures or dates.
- Not having the document notarized when required.
- Using incorrect or outdated forms.
What to expect during notarization or witnessing
When having the North Carolina Bill of Sale for WaterCraft or Boat notarized:
- The seller and buyer must be present with valid identification.
- The notary public will verify the identities of both parties.
- Both parties will sign the bill of sale in front of the notary.
- The notary will then complete the notarization process, adding their seal and signature.
Form popularity
FAQ
Write a bill of sale. This document must include a vessel description, Hull number, purchase date, price, the names and addresses (including city state zip) of the parties, and the signatures of both the buyer and seller. If the boat is used, you'll likely need the boat's previous registration number. Boat title.
A bill of sale does not serve as proof of ownership. Only a title has that legal authority. Bills of sale serve as proof of title transfer, which buyers and sellers need for personal financial and tax records.
A title is available to any North Carolina vessel owner, provided that the vessel is registered in North Carolina; is not simultaneously titled in any other state; and is not Documented with the U.S. Coast Guard.
Once the sale is complete, the buyer must apply for legal title with the state agency that handles boat registration.Each state will have its own requirements about forms and fees, but, in general, you will be able to use your bill of sale as proof of purchase to obtain the title from the state.
DO NOT purchase a used vessel/boat or outboard motor without receiving an original title (signed on the front and back) along with a signed bill of sale from the person(s) listed on the title or from their legally documented representative.
Louisiana. Maryland. Nebraska. New Hampshire. West Virginia. Montana.
Alabama. Arkansas. Colorado. Connecticut. Hawaii. Idaho. Maine. Nebraska.
A bill of sale is only legally required in North Carolina when you purchase your vehicle from a car dealership.Your bill of sale will also be needed when you go to title your vehicle, or if the vehicle's ownership becomes part of a trust.
So back to the original question, how to register boat without title? Check with your state's boating website to learn the exact paperwork to register a boat without a title. There are will be replacement title forms to fill out and submit along with some form of proof of ownership.