Buying and selling a watercraft is regulated differently in US states. A Minnesota boat bill of sale may be one of the documents required for registration and titling a boat. You may not only need to issue one but also make sure that the bill of sale template contains all the essential details. More information on this issue is available in this article. The full article about bills of sale will provide you with even more details.
Minnesota bill of sale forms – this particular section will let you discover more about other bills of sale used in Minnesota.
Build Your Document
Answer a few simple questions to make your document in minutes
Save and Print
Save progress and finish on any device, download and print anytime
Sign and Use
Your valid, lawyer-approved document is ready
First, read the guide to the proper sale/purchase of a vessel we prepared for you – it will help make sure that you haven’t missed any important detail of the deal.
There are no requirements to provide a bill of sale for boat registration on the website of the Minnesota Department of Natural Resources (DNR). However, it is stated that you must know the following information when you register your watercraft for the first time:
You will also need to provide a sales receipt proving that you have paid the tax on the sale. This information can be included in the Minnesota boat bill of sale. There is a universal registration form available in PDF format. Registrants can simply download it and fill its fields out. You can apply for a boat registration either at office locations of Driver & Vehicle Services or you can do it at the DNR License Bureau.
If it is a new watercraft at least 16-foot long (except kayaks and canoes), then the dealers will do all the paperwork for you. Read the guide that contains comprehensive information about boating in the state. According to the information in the chapter “Transfer of Ownership,” you must get a bill of sale from the previous owner if the boat is currently licensed in the state.
|Watercraft Type||Registration Fees||Aquatic Invasive Species Surcharge|
|Less than 17 feet||$18||$10.60|
|17 feet up to and including 19 feet||$27||$10.60|
|Over 19 feet but less than 26 feet||$45||$10.60|
|26 feet but less than 40 feet||$67.50||$10.60|
|40 feet in length and over||$90||$10.60|
|Rental or lease personal watercraft||$37.50||$10.60|
|Rental or lease watercraft up to and including 19 feet||$9||$10.60|
|Source: Minnesota Department of Natural Resources|
You can certainly find various examples of a bill of sale on the Internet, and it is possible to download a printable template. There is no such form available on the website of Minnesota DNR. It is recommended to find the right free bill of sale form before selling or buying a boat in this state. Remember that this document works as proof that the deal has actually been made. You and the other party can have a copy of such a document for personal records even if it is not required for the registration of a watercraft.
Down below, you can take a look at the guidelines compiled by drawing upon the Minnesota boat bill of sale made by our professionals. We highly advise using the local official form when possible.
Step 1: Specify the bill of sale creation date.
Step 2: Type in the buyer’s and seller’s specifics:
Step 3: Provide the descriptive details of your watercraft:
If you sell your boat along with a trailer, make sure to include the following details in your bill of sale.
In case there is an outboard or inboard motor that is involved in the deal, this information should also be included in the document:
Step 4: Enter the payment method and price.
Type in the purchase date and write the total amount that has to be paid for the boat. You will need to also mark the sale method the buyer will go for:
And after that, indicate the way the buyer will pay:
Lastly, specify if the purchase amount includes all applicable taxes.
Step 5: Go through the miscellaneous terms.
The “as-is” provision states that the watercraft owner provides no warranty and is not liable for maintenance after the transfer.
Step 6: Put your signature(s) in the appropriate fields.
The purchaser is typically not requested to sign the bill of sale. However, it’s recommended to get the document signed by all sides. As an additional precaution, you could have one or two people witness the process and sign the bill of sale.
Step 7: Notarize the bill of sale
Despite the fact that notarization is seldom mandatory, it can serve as yet another way to shield against legal troubles.
The original document copy must be given to the buyer because they will likely need it to obtain a title to their new motor boat. As a seller, you can either create a copy and store it or have two identical forms signed and completed by all parties.