Maryland boat bill of sale is a document used to not only make a deal but also prove the current ownership of a vessel. It may be required by the Maryland Department of Natural Resources (DNR).
Maryland bill of sale forms – visit to get more Maryland-related bill of sale forms that you might need.
If you want to read more about the basics of a bill of sale, our guide will be of help.
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To register a boat that you have purchased, you will need to provide a bill of sale template in certain cases, including the following:
All the required documents can be either provided personally or sent by mail to one of the Maryland DNR Service Centers. The list of other documents depends on the particular situation. For example, if it is a new vessel, then, along with the Maryland boat bill of sale, you will also need to provide:
|Security Interest Filing Fee||$15|
|Source: Maryland Department of Natural Resources|
When you get a boat bill of sale form for free, it must contain some important information about the parties of the deal and the property, including:
There is a template of the bill of sale form provided by the Maryland DNR. It is available in printable PDF format, and you can download it before selling or buying a boat. It is also possible to find a different free template on the Internet, but you should make sure that it contains all the required fields that must be filled out for the registration of a vessel.
The completing guide is intended for the Maryland boat bill of sale form created by our company. But, if there’s a document available from your local officials, it is always advised to use it in the deal.
Step 1: Specify the document’s creation date.
Step 2: Type in the information of both parties (purchaser and seller):
Step 3: Enter the details regarding the boat you are selling:
As well as that, you will need to include information about trailers and motors that are sold together with your boat.
Step 4: At this point, you will need to establish the way in which you are going to get money for the boat.
This stage also requires specifying the date of the transaction and the full sum decided upon by all parties of the transfer. After that’s been performed, you will need to indicate the way of purchase:
Your next step is deciding on the type of payment:
Finally, check if the purchase amount contains all applicable taxes.
Step 5: Look at standard terms and make sure all parties have an understanding of them.
This part normally contains the “as-is” provision that means the watercraft is sold without a warranties.
Step 6: Sign the bill of sale.
The buyer is normally not requested to sign the form. However, you’ll be more protected from legal complications if all sides sign the document. You may additionally have one or several witnesses confirm the transaction.
Step 7: Have a notary public certify the bill of sale
With this, you will get more legal protection. Nonetheless, this step is generally completely elective.
The purchaser should have the original bill of sale as it is commonly necessary for the title change. As a seller, you may either get a copy and keep it or have a pair of identical forms signed and completed by both sides.