DocumentsFree Boat Bill of Sale Template | Customizable Sample
Free Boat Bill of Sale Template | Customizable Sample
Do you need to create a Boat Bill of Sale? Draft one using our free, fillable Boat Bill of Sale template.
A Boat Bill of Sale is a legal contract that documents the sale of a boat and outlines its transfer of ownership. It allows the buyer and seller to understand their rights and responsibilities, and acknowledge that payment was made in full. It also establishes that the buyer accepts the boat as is.
Boat Bill of Sale
To make drafting your Boat Bill of Sale easy and convenient, NotaryPro offers an online document creator. Avoid the hassle of making an appointment with a notary public and get it commissioned online, from the comfort of your home.
What is a Boat Bill of Sale?
A Boat Bill of Sale is a legally binding contract that documents the sale of a boat. It establishes the transfer of ownership from a seller to a buyer. Protecting the buyer and the seller, a Boat Bill of Sale enables both parties to understand their rights and responsibilities.
This document is used when a buyer pays the seller in full, and accepts the boat as is — in its current condition. With a Boat Bill of Sale, the seller does not provide the buyer with any warranties for the boat or its motor.
If your agreement needs to include a warranty or a payment plan, a Sales Agreement would be a better option.
Purpose of a Boat Bill of Sale
A Boat Bill of Sale provides evidence of a transaction. It shows that the seller acknowledges receipt of payment from the buyer, and that the payment was made in full. It protects both the buyer’s and the seller’s interests, preventing potential issues and disputes.
This document is also required for various procedures, like registering a boat, proving ownership, or obtaining a license. In Ontario, some buyers may need a Boat Bill of Sale to obtain a pleasure craft license. Any vessel with at least one engine, whose power is 10 horsepower (7.5 kW) or more in Canada must have a licence. Essentially the purpose of a Boat Bill of Sale is to:
- Establish Proof of Ownership: It establishes the legal transfer of ownership of a vessel from the seller to the buyer.
- Guarantee Title Transfer: One condition in the document is that the title transfer takes place within five days of signing it.
- Ensure Selling Authority: The seller must confirm their authority to sell and transfer the trailer.
- Outline that the Boat is Sold in “As Is” Condition: It proves that the buyer accepts the boat with all the flaws disclosed by the seller.
- Declare the Seller Is Unaware of Hidden Defects: It requires the seller to confirm that they did not omit or hide any defects.
- Ensure Loan Payments are Settled: A seller declares that the boat is free of all liens, loans, encumbrances, and liabilities.
- Offer Legal Protection: It documents the terms and conditions of the sale, ensuring both parties understand their rights and responsibilities.
How to Create a Boat Bill of Sale
To create a Boat Bill of Sale, simply gather the information outlined below, and add it to our fillable template. You’ll want to provide some basic information about the buyer and seller, and a few details about the boat.
Information About the Buyer and Seller
A Boat Bill of Sale should contain basic information about both the buyer and seller, such as the:
- Buyer’s full legal name and address
- Seller’s full legal name and address
- Date of the transaction
- Boat’s purchase price
- Signature of the seller and the buyer
Details About the Vessel
- Make / brand
- Year
- Model
- Colour
- Hull identification number (HIN)
- Style
- Length in feet
- License permit number
Does a Boat Bill of Sale Need to Be Commissioned?
Getting your Boat Bill of sale commissioned takes minutes, and you can do it online, from the comfort of your home or office. If you already have a Bill of Sale, you can upload it and get it commissioned online in 7 minutes. If you need to draft one, complete the fields in the above template, and get it commissioned instantly or schedule a future appointment.
Frequently Asked Questions
What is the difference between a Boat Bill of Sale and a sales receipt?
While a receipt acknowledges payment, a Boat Bill of Sale includes additional details about the sale, such as the description of the boat and the terms of the agreement.
Do I need always a Boat Bill of Sale to sell my boat in Canada?
No, you don’t always need a Boat Bill of Sale to sell your boat in Canada.
Boats registered with the Small Vessel Registry or the Canadian Vessel Registry do not require a Bill of Sale under Transport Canada’s regulations. For these vessels, you can simply use our regular Bill of Sale template.
Is NotaryPro’s online drafting & notary service legally recognized?
Yes, NotaryPro’s documents are legally recognized.
NotaryPro’s documents have been accepted by many institutions and authorities, including OSAP and Service Ontario.
Is NotaryPro’s online drafting & notary service secure?
Yes, NotaryPro uses the latest encryption technology.
Your personal information and documents are subject to the highest level of digital security, and we ensure that your documents are commissioned in compliance with all applicable Canadian laws and regulations.
How much does it cost?
It’s free to create your document, although we do offer online commissioning for a small fee.
That’s right! Creating your document comes at no cost to you, but if you would like to commission it at the same time, we’re happy to help. Please find our detailed prices here.