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Boat Bill of Sale Form - New Jersey
What Is a New Jersey Boat Bill of Sale?
The New Jersey Boat Bill of Sale is the document completed during the watercraft transfer within the state of New Jersey. It is created as written evidence that substantiates the fact of boat sale and provides essential information about the deal: the names of both parties, the date of transfer, the amount paid, and the description of the sold vessel.
Alternate Names:
- Vessel Bill of Sale;
- Watercraft Bill of Sale.
The New Jersey authorities do not provide any state-issued form you have to complete. The creation of the document is voluntary. It can be built in any form you prefer. As long as it contains the necessary information, it will be considered valid and accepted by any government organization. Download the form through the link provided under the text or make your own New Jersey Boat Bill of Sale with our customizable online template .
Does a Boat Bill of Sale have to be Notarized in New Jersey?
Usually, the document does not require notarization, but if the boat you sell is not titled, you have to notarize it. The buyer will need a notarized document to title the purchased watercraft. The watercraft must be titled within 10 working days since the date of purchase, or the new owner will be subject to a penalty.
How to Sell a Boat in New Jersey?
Selling a watercraft in New Jersey is a simple process that does not require any special documentation. The bill of sale is optional, though both parties are often advised to complete it. A properly completed document advocates their legal rights and interests related to the transfer. It also protects them from any fraudulent claims that may arise in the future.
When creating your own document, make sure it contains the following information:
- Name and address of the seller. You can also add a driving license number and a daytime phone number;
- The same set of information about the buyer;
- A comprehensive description of the sold boat, including make, length, year, hull number, registration number, odometer reading in hours, title number, and other important details. If a trailer or an outboard motor is included in the sale, add their description as well. If the vessel you sell has any defects you know about, list them on the document and inform the buyer about them;
- Sales price. It is better to indicate the amount both in words and in digits;
- Date of sale;
- Additional information if any. The additional information you should provide may include any complementary terms you and the buyer agreed upon, e.g., if the buyer makes a payment in several transactions, it is recommended to indicate the date of each transaction and the amount due; if you give the boat as a gift, specify it on the document as well;
- Signatures of both parties.
Prepare the New Jersey Vessel Bill of Sale in two original copies. Give one to the seller and keep the other one for your records.
Related Forms and Documents:
Download Boat Bill of Sale Form - New Jersey
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