Title: Personal Property: What’s included in your Home Purchase? – Money Instructor
Headings: Personal Property: What’s included in your Home Purchase?
Personal Property: What’s included in your Home Purchase?
Content: Fixtures are items that would otherwise be personal property that have been attached. Examples include light fixtures, landscaping, and wall-to-wall carpeting. These definitions appear to be clear. However, disputes do arise between buyers and sellers when applying those definitions to some items. This is especially true for items that appear to be fixtures. The seller is thinking they are personal property and the buyer thinks they are part of the home and therefore real property. Items that appear to be permanently attached like decorative lighting, ceiling fans, window coverings, and some appliances can present problems. If a dispute does arise about what is real versus personal property, the law specifies criteria for determination. Basically it looks at a number of tests including, but not limited to, the following: Method of attachment – If an attached item can be removed without causing substantial damage to the property, it is generally considered to be personal property.