Illinois Bill of Sale Requirements. Illinois Bill of Sale of Boat / Vessel (Sold with Warranty) Instant Download - Only $9.99 Professional MS Word & PDF formatting Fully editable & reusable Lifetime updates ; Accuracy guarantee ADD TO CART About this Form: A bill of sale is a written agreement by which one party assigns or transfers its rights or interest in property to another party. Illinois . ILLINOIS BOAT TRAILER BILL OF SALE FORM. If you have a newly purchased vessel, it must be registered in Illinois within 15 days and with very specific instructions. – Name and address of the buyer. An Illinois Boat Bill of Sale is a document you fill out when selling or buying watercraft in the state of Illinois. Our support agents are standing by to assist you. The buyer has 30 days from the date of sale, or will face penalties. Video Distribution License Agreement. Moreover, it offers peace of mind too as this legal document is permanent once both parties sign and execute it. Bill of Sale of Boat Vessel - Illinois (Sold with Warranty) Home » Bill of Sale of Boat Vessel - Illinois (Sold with Warranty) » NEW ARRIVALS. Any person who purchases a used jet ski or personal watercraft or watercraft classified in Illinois as Class 2, 3, or 4 from a retailer or individual in Illinois must submit a boat bill of sale and a number of other documents, according to the Illinois Department of Natural Resources. Attach a copy of the bill of sale or lease contract, as appropriate, as proof of the selling price and of any tax previously paid. To have and to hold the same unto Buyer(s) and Buyer(s) executors, administrators and assigns, forever. All rights reserved. Add information that you feel should be included in the form. Where to Register – If you have a boat that is registered in another state, you will have 60 days to register your boat. Any person who purchases a used jet ski or personal watercraft or watercraft classified in Illinois as Class 2, 3, or 4 from a retailer or individual in Illinois must submit a boat bill of sale and a number of other documents, according to the Illinois Department of Natural Resources. August 23, 2013 billofsale Illinois Leave a comment. Springfield, IL 62794. Boat Bill of sale for Illinois. Once you know the amount of sales tax to be paid, send a check payable to the Illinois Department of Revenue. The Illinois Bill of Sale Forms are documents in the state of Illinois, that provide information with regard to the sale, purchase or trade of any of a number of items from vehicles and vessels/boats to personal items. Free Download Illinois Boat Bill of Sale (pdf, 90KB) and Customize with our Editable Templates, Waivers and Forms for your needs. A signed bill of sale form is used to register a boat, and protects the buyer and seller from fraud. Alternate Name: Illinois Watercraft Bill of Sale. Department of Natural Resources Download Now. This includes 1,069 new watercraft and 505 used boats, available from both private sellers and well-qualified boat dealers who can often offer various boat warranty packages along with boat loans and financing options. A notarized bill of sale form. Free Illinois Trailer Bill of Sale Template Posted on June 29, 2018 October 10, 2020 by Tom Scarn When purchasing or selling a Trailer in Illinois you always want to document the transfer of vehicle from the seller to the buyer. © 2021 BillofSale.net - All trademarks and logos are the property of their respective owners, Illinois Motor Vehicle (Secretary of State) Bill of Sale, Payment Type – Single or Downpayment with the balance at a later date, Condition of Boat – Seller must disclose any defects. Do not confuse a bill of sale with a notice of sale. This document will provide details of the nature of the sale and any negotiated information. © 2020 Electronic Forms LLC. More information Illinois Boat Bill of Sale Download the free Printable Basic Bill of Sale Blank Form Template in Microsoft Word to be used as a sales contract between two parties. This form will also prove change of ownership. You are able to print the bill of sale and promptly write the required information in the blanks. Illinois Boat Bill of Sale. The form is proof that a purchase occurred, and states the condition of the vessel. If the sale includes a trailer or motor, you’ll want to include that information in the document as well. Place all of your documentation into an envelope and send to: Watercraft A notice of sale is a document used in real property to give notice of default proceedings. (Yes or No). Dealer - ST-556 tax form; Retailer - RUT-25 tax form and Bill of Sale ; Check or money order payable to Dept of Revenue for tax amount due Used Watercraft - currently issued an Illinois registration number - Class 1 (EXCEPT jet skis/PWCs) - acquired from an individual. About this Form: A bill of sale is a written agreement by which one party assigns or transfers its rights or interest in property to another party. Boat Bill of Sale; Artwork Bill of Sale; Home. The bill shall contain the required information along with the signatures of the parties in the presence of the notary is required. Fill out, securely sign, print or email your illinois watercraft form instantly with SignNow. Jul 7, 2020 - Free Download Illinois Boat Bill of Sale (pdf, 90KB) and Customize with our Editable Templates, Waivers and Forms for your needs. An Illinois bill of sale for a boat should document whether compensation will be made using some form of money (such as cash, money order, or a cashier's check), a trade, or a combination of the two. The most secure digital platform to get legally binding, electronically signed documents in just a few seconds. Seller’s name (print)_____ Seller’s signature_____ Please be aware that our agents are not licensed attorneys and cannot address legal questions. An Illinois bill of sale template displays essential information about the transfer of the vehicle in question, and it may prove to be invaluable for both parties of a vehicle transaction. The Illinois Boat and Trailer Bill of Sale Form normally includes the name and address of the person transferring the trailer, the name and address of the buyer, the amount for which the trailer is being sold, and a detailed description of the trailer including the VIN number. – Complete vehicle description, including Vehicle Identification Number (VIN), make, model, year. 2 copies of Bill of Sale or Purchase Agreement 2 copies of Bill of Sale or Purchase Agreement Check or Money Order payable to Dept of Revenue for tax amount due Used Watercraft – USCG Documented Vessels changing to IL title - Class, 2, 3, & 4 - purchased from an out-of-state dealer or retailer The buyer has 30 days from the date of sale, or will face penalties. Step 5 – Signatures – Enter the following before a notary public: Step 6 – Notarization – Once the notary has witnessed all signatures, he/she will then complete the remainder of the form, and shall affix their state seal. Illinois Bill of Sale Requirements. A receipt or invoice contains just the basics: purchase price, brief description, and date of sale. Illinois Boat Bill of Sale. Boat Bill of Sale Form helps you in entering a rightful transaction with a seller of a boat. (Yes or No), Will an Outboard Motor be included with the Sale? Endorsements will indicate the conclusion on the purchase from the involved parties. The boat bill of sale form confirms the ownership of the boat. IL Boats Requiring Title & Registration. This Illinois Bill of Sale PDF Template is a simple, but an effective document that can be used by anyone who intends to sell a personal property such as a TV, furniture, or a motor vehicle, with the legal proof for conveyance or transfer of ownership to the buyer. In Illinois, the bill of sale is used to transfer the ownership from the seller to the buyer. Download and create your own document with Illinois Boat Bill of Sale (88KB | 3 Page(s)) for free. A boat bill of sale documents the sale or transfer of a motorboat, sailboat, yacht, jet ski, watercraft, or other recreational water vehicles between a seller and a buyer. It usually contains personal details that allow identifying both parties of a deal, the description of the sold boat, and the terms of the sale. A motorized boat must be registered within 15 days of purchase in the state of Illinois. The Office of Law Enforcement of the Department of Natural Resources is responsible for regulating the state boating laws of Illinois. Illinois Bills of Sale. If your answer is yes enter the following: If the first box is selected, the seller will accept a monetary payment – Enter the worded dollar amount, Enter the date as to when the parties have agreed that payment will be made in mm/dd/yyyy format, Enter the date in which the document will be known as in mm/dd/yyyy format, If the parties have agreed that payment will be made at a later date, enter the date mm/dd/yyyy format, Other – If different terms have been agreed upon by the parties, enter a description of the final agreement (if more room is required add a sheet and attach it to the form, Check the box if the item(s) are being provided as a gift to the “buyer”, The last box in this section will address a trade. Whether you giving or receiving cash for an item, you want proof of the transaction in the event someone makes a claim against ownership (if you are the buyer) or if someone is injured by or on the trailer (if you are the seller). $199.99. There are two general reasons why you want to get a Bill of Sale in Illinois when purchasing or selling a Trailer: 1. “Boat” or “vessel” means every description of watercraft (i.e. A bill is to be prepared when selling a boat or the vessel to a person. Illinois Boat Bill of Sale. The following information should appear on the Illinois Bill of Sale Form: – Name and address of the seller. Free Illinois Boat Bill Of Sale PDF Download Available for Download in PDF Format. This form below is designed for use on upon the sale of a boat or vessel. This form below is designed for use on upon the sale of a boat or vessel. You should attach a copy of the bill of sale as proof of the purchase price. In Illinois, a bill of sale is not required for title transfers. THIS DOCUMENT IS IN PDF FILLABLE FORMAT, AFTER DOWNLOADING ***PLEASE READ THE ENTIRE DOCUMENT *** It can even be used for a handmade boat. Therefore, always make sure to prepare a bill of sale while selling or buying a boat. In Illinois, the bill of sale is used to transfer the ownership from the seller to the buyer. Payment for the necessary title and registration taxes and fees. If purchased from an individual, a copy of the bill of sale. The bill shall contain the required information along with the signatures of the parties in the presence of the notary is required. Boat Bill Of Sale Illinois. The Illinois boat bill of sale is also needed to obtain boat insurance. An Illinois bill of sale for a boat should document whether compensation will be made using some form of money (such as cash, money order, or a cashier's check), a trade, or a combination of the two. The Illinois Boat Bill of Sale is a legal document that is utilized between a dealership and individual or two individuals for the sale and purchase of a vessel. If you are selling or buying a boat or other types of watercraft, a Vessel Bill of Sale (sometimes known as a Boat or Watercraft Bill of Sale) is designed to document the terms and conditions of the transaction, and to protect your rights. Illinois Bill of Sale of personal property form is used for buying and selling a personal property which is of. This document will require notarization. A boat bill of sale is used strictly for the buying or selling of a boat. About this Form: A bill of sale is a written agreement by which one party assigns or transfers its rights or interest in property to another party. Create a customized Illinois boat bill of sale within 5 minutes. Needed to Register – Collect the following documents: Write a separate check in the amount of your registration fees payable to the Department of Natural Resources. The Illinois boat trailer bill of sale form can be used to transfer ownership of a used boat trailer from one party to another. The Illinois boat bill of sale is an agreement that transfers the ownership of a boat from a seller to a buyer. A bill of sale is a document recording the sale of property between one person and another. Alternate Name: Illinois Watercraft Bill of Sale. Illinois Boat Bill of Sale. A Bill of Sale for a boat/Vessel documents the sale or transfer of a motorboat, sailboat, yacht, Jet Ski, watercraft, or other recreational water vehicles between a Seller and a Buyer. If you’ve already paid the taxes, provide proof that you’ve paid the sales tax already, Will a Trailer be included with the Sale? The State of Illinois doesn’t require a Bill of Sale because it’s not mandatory but it is recommended. Once completed, if you are before a notary, enter your signature in the “Seller’s Signature” line. A completed Illinois Watercraft Registration and Title Application. It usually contains personal details that allow identifying both parties of a deal, the description of the sold boat, and the terms of the sale. Illinois Boat Bill of Sale. Seller’s Report of Sale Secretary of State Vehicle Services Department Record Inquiry Section 501 S. Second St., Rm. It is best for the purchaser to make sure the … Provide a brief description of the conditions of the trade (if applicable), Date the signatures in dd/mm/yyyy format at the top of this section, Make copies of the completed document to provide to all who signed, for their records. This form represents a legal document {Hereinafter referred to as the “Bill of Sale”} .div1 for the transfer of a vessel between: Start a free trial now to save yourself time and money! If you are leasing the watercraft or snowmobile from an out-of-state retailer, you must use Form RUT-25-LSE when you bring the item into Illinois. This legal form can possibly help you avoid potential problems later. 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