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Putting a deposit on a boat from an individual, what documentation to get?
Posted on 7/11/17 at 7:53 pm
Posted on 7/11/17 at 7:53 pm
So for you guys that have bought boats from individuals, when you gave a deposit, did you get some type of receipt or other documentation? Any suggestions appreciated. 
3
Posted on 7/11/17 at 7:57 pm to WPBTiger
I would give any money until a notarized bill of sale has been signed.
Posted on 7/11/17 at 8:26 pm to Jack Daniel
I put a deposit on a boat last year that I came to pick up the next day with cash. I drew up a receipt of deposit and intent to sell for set price, with the seller guaranteeing the title. We signed off on that. The next day, I came back and we finished business with a bill of sale.
Posted on 7/11/17 at 8:36 pm to damnedoldtigah
Pretty much this. At awritten contract stating all the terms and what you paid and make sure you include the offer is irrevocable for some period of time. You don't need a lawyer or any special words. Just the terms, a description of the boat and signatures. Be sure to include a statement of what you've already paid.
Posted on 7/11/17 at 9:28 pm to WPBTiger
Anything prior to the bill of sale should be drafted as a binding contract to buy and sell.
Posted on 7/12/17 at 5:09 am to TBoy
You don't actually need a bill of sale in LA. The transfer of title acts as the bill of sale.
Posted on 7/12/17 at 6:10 am to WPBTiger
quote:A good firm hand shake will suffice.
So for you guys that have bought boats from individuals, when you gave a deposit, did you get some type of receipt or other documentation? Any suggestions appreciated.
Anything with the proposed agreement, signed and notarized will do.
This post was edited on 7/12/17 at 6:11 am
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