Originally Posted by blr972
...I've purchased the boat with a contract stating there were some stuff the seller was going to take with him off the boat. I'm about to take the boat out of his slip to my marina but now he is claiming the dock lines
stay. I assumed the dock lines
go with the boat and the contract stated everything goes with the boat except for the listed items...the dock lines
aren't listed. I've paid him, he's signed over the boat, I think I should be able to keep the lines
Did I assume wrong? Do you consider dock lines be part of the slip or part of the boat? I need opinions before I start butting heads.
Your situation illustrates the need to define exactly what you are buying, and how a list of excluded items isn't clear enough. On the contract I used for my own purchase in Va./Md., you can see "mooring lines" are included in subparagraph 1(f):
CONTRACT OF SALE
THIS CONTRACT OF SALE is made this ____ day of ______________, 20____, by and between __________________________________________________ (“the Seller”) and _________________________________________________ (“the Buyer”).
WITNESSETH: that for and in consideration of the mutual promises and covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, Seller and Buyer agree as follows:
1. Property. Seller agrees to sell to Buyer and Buyer agrees to purchase from Seller a ____ _____________________ sailboat, “______________”, hull identification number __________________________ along with all property attached to and enclosed in the vessel, including but not limited to the following ( all of which, the vessel and the property, to be referred to as “the Sailboat”):
a. All standing and running rigging, mast, boom, spreaders, stays, shrouds, traveler, mainsheet, jib
sheets, ________ winches
, ____ winch
, traveler, and boom vang;
b. Main sail and ____________ jibs
, sail bags and mainsail cover;
c. ____________________________________ engine and gas tank;
d. Electrical system, wiring and electronics, marine battery, VHF radio
, depth finder, cabin lights
, battery switch, running lights
, and _______________________________;
d. Below decks/cabin furnishings, equipment, cushions for all berths, cooler, _________ toilet with _____________, foul weather jackets/gear, books, charts
, and __________________;
e. Safety gear/equipment: ¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨ electric and manual bilge pumps
, lifelines, stanchions, bow pulpit, stern pulpit, life preservers
, flotation cushions, bell, flares, horn
chain, and rode
, mooring lines, cleats
, ____ fenders
g. Other: __________________________________________________ _______.
2. Price. The total sales price for the Sailboat is _____________________________________
Dollars ($___________.00). Seller acknowledges receipt of an earnest money deposit check in the amount of __________________________ Dollars ($______) from Buyer, with the balance of the total sales price to be paid by Buyer to Seller at closing.
3. Seller’s Representations: Seller represents and warrants the following: that Seller has clear title to the Sailboat, free and clear of any liens, levies, charges, assessments, or attachments; that Seller is the sole owner, with full and complete authority to enter into this contract of sale and to transfer title to the vessel to Buyer by a certificate of title; that the Sailboat is in normal operating condition for a vessel of its age; and that Seller has no knowledge of any material defect(s) in the Sailboat, patent or latent, except as follows:__________________________________________ _ __________________________________________________ ___________.
4. Contingencies: The sale is subject to a satisfactory marine survey or professional inspection, and a satisfactory sea trial by Buyer, both to be completed at Buyer’s option and expense by ____________________. Seller shall make the Sailboat available for the survey and inspection and Seller shall cause the Sailboat to be placed in the water and ready prior to the sea trial at Seller’s expense. In the event that either the survey/inspection or sea trial are not satisfactory to Buyer in his sole discretion, then the earnest money deposit shall be forthwith refunded to Buyer.
5. Closing: This sale shall close on _____________________ at _____________________, at which time Buyer shall deliver to Seller a certified or cashier’s check for the balance of the Sales Price in return for Seller’s transfer of the title to Sailboat to Buyer, by endorsement and delivery of a certificate of title to Buyer and by Seller’s transfer to Buyer of any and all keys, locks, and operational devices. The Seller shall deliver and transfer the Sailboat to Buyer at closing, launched/re-launched in the water at _________________________________________. Risk of loss remains with Seller until delivery of title to Buyer.
6. Addresses: Seller and Buyer each warrant and represent to each other that his residential address and telephone number are as follows:
Buyer: __________________________________________________ __________________
7. Modification: This contract may only be modified by a writing signed by the parties.
WITNESS the following signatures and seals:
You will also notice the standard Broker's Agreement that some sailors recommend, which was designed to further the purposes and interests of the Broker first and the Seller second and the Buyer not at all, has few words devoted to what exactly is being bought and sold.
I foresee a potential problem with a buyer who thinks he is buying the whole boat and everything with it, only to discover that the seller has stripped the boat of all valuable moveable property: engine, mast, sails, anchor
, awnings, etc.
Not only that, but guess what: if you want to sue the seller, unfortunately you foolishly agreed to arbitration in paragraph 13. Guess who pays for that? Maybe the party seeking recourse under the contract?