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If you decide to sell your boat/vessel, you need to: Give the Certificate of Ownership to the person who buys it. Make sure you sign the certificate on the front. Contact the DMV within five days of the sale and fill out a Notice of Transfer and Release of Liability (REG 138) (PDF) form.
The buyer must take the title to a title office to complete the ownership transfer, and then to a boat registration agent to transfer the boat registration into the buyers name. Some vessels and motors that now need a title may not have needed a title when they were originally purchased.
On the back of the boat title, there will be a section to record the transfer of the boat to another person. Write the buyers name, address, and any other information required. Check with the buyer to make sure the information you have is correct. Write legibly in blue or black ink.
You will need to transfer a vessel by: Submitting a completed transfer form to DoT in person at a Driver and Vehicle Services (DVS) centre, DoT regional centre or authorised agent. Posting a completed transfer form and required documents to DoT, or. Using DoTDirect.
Required Documents Boat Title: Original title signed by the seller. Application for Texas Title: Completed form provided by the Texas Parks and Wildlife Department. Identification: A valid ID such as a drivers license for both buyer and seller.
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Boats are not required to be titled in Tennessee. To register a boat, you must complete a registration form, available through a County Clerks office or from the dealer that sold you the boat. Exemptions: Currently registered boats from other states that are using Tennessee water for 60 days or less.
Exemptions. If the vessel is a canoe, kayak, or a vessel not propelled by a motor or sail. The vessel is less than 16 feet in length and has a motor of 10 horsepower or less and is used on non-federal waters only.
Ownership rights should be divided as equally as possible when considering your boat-sharing agreement. For example, set the rights at 50 percent for two owners, 33 percent for three owners, etc. This will be important when it comes to determining costs for maintenance, repairs, and taxes.

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