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Boat Bill of Sale Form - Arkansas
What Is an Arkansas Boat Bill of Sale?
The Arkansas Boat Bill of Sale is a document that the buyer and the seller of the boat use to transfer the ownership of the vessel in exchange for monetary compensation. This document is used for the sale of used, new, or handmade boats. You can create your own boat bill of sale if you use our customizable online template or download a ready-made short-form document below.
For most people, selling or buying a boat is a major financial transaction and an investment. To be confident everything is done correctly, you need to do a lot of preparation, for example, ensure the price you receive or need to pay is within reasonable limits. An Arkansas Vessel Bill of Sale provides legal protection to both parties to the contract. When you register a boat, you have to submit a copy of the completed form along with the liability insurance. Also, you can compare information on the Bill of Sale with the vessel history report and make additional inquiries to verify that both documents correspond to one another and are accurate.
Does a Boat Bill of Sale Need to Be Notarized in Arkansas?
None of the Bills of Sale in Arkansas require notarization.
How to Sell a Boat in Arkansas?
There are several steps to take when selling the boat:
- Before you sell the vessel, make repairs to the boat - some issues may prevent the sale. Clean the boat and advertise it properly. Watch out for fraud - it is highly recommended to meet the potential buyer in person and ask for an electronic payment;
- Determine which documents are necessary to finalize the sale;
- Draft a Bill of Sale. The form needs to be signed by both parties to be valid. Make sure each party has a copy of the document as proof of purchase or payment;
- Write down the buyer's name in the transfer section on the boat title - a legal document that proves ownership;
- Give all maintenance records, warranty cards, and other documents to the buyer who then is responsible for registering the boat and getting insurance.
Arkansas Boat Bill of Sale Requirements
There is no government-issued Arkansas Boat Bill of Sale form. Just like other similar forms, this document must contain:
- Buyer and seller information - their names, full addresses, and driver's license numbers;
- Description of the boat. The following details must be entered into the form properly: the make, model, registration number, any previous registration information, odometer reading, boat's engine power (horsepower). Additionally, it must be stated if the sale includes an outboard engine or a trailer;
- Date and price information - the date of the sale and purchase, amount to be paid, and form of payment.
Couldn't find what you were looking for? Check out these forms and templates:
- Arkansas Generic Bill of Sale;
- Arkansas Firearm Bill of Sale;
- Vehicle Bills of Sale used within the state of Arkansas.
Download Boat Bill of Sale Form - Arkansas
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