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Real Estate Contracts >Personal Property
When you purchase a property, it usually includes the land and everything attached to it, such as buildings, trees, shrubs, etc. Most buyers are only interested in purchasing the real estate, not the owner's personal property. What happens when personal property has become a part of the real estate? Is it actually a "fixture" which will now convey to the buyer with the real estate?
There are three tests which usually need to be satisfied. Has the personal property been permanently annexed to the real estate? Is it intended to become part of the real estate? What is the local custom? Fixtures may include shades, heaters, ranges, screens, storm windows, lighting fixtures, etc. To save misunderstanding at the closing--and perhaps the sale--it is important that the seller spell out specifically in the sales agreement what will go to the buyer as part of the property.
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| Q |
What group of settlers introduced the log cabin to the New World?
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| A |
The Swedish settlers of Delaware brought their own timber for building log cabins, a style that originated in Finland. |
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The King Team
Atlanta Communities
6290 Abbotts Bridge Road, Bldg 600-Suite 603
Johns Creek, GA.
30097
Phone: 770-446-5111
Fax: 888-316-2797
Email: kingteam@kingteam.com
Mary S. King and Douglas Ferguson have been in the Top 100 of over 15,000 agents in Atlanta, were named Agent of the Year for their office for eleven years, and the Top 25 in Georgia for Atlanta Communities. Now with Atlanta Communities, their business has been based on honesty, integrity and a strong work ethic. They opt for customer service over sheer numbers. Call or email them today!   
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