Know What’s In your Purchase Contract as Chattels & Fixtures when buying a home?

Chattels & Fixtures. Know What’s In The Contract
When looking at a property, Fridge, Stove and other appliances are mostly included, But sometimes it’s not easy to figure out what’s included in the purchase price. Rule of thumb is – if it takes a tool to remove it, it’s a fixture and should stay with the property. If it’s not attached to the home, then it’s a chattel, and would leave with the Seller. But today the difference is becoming cloudy.

For example, a grey area… the wall-mounted TV. Even if all agree the TV is not staying, what about the mounting hardware and the wiring in the wall? What about closet organizers? And if there’s an outdoor pond, do the lights and pumps stay? What about the fish?

As there are differences in understanding today, “when in doubt, spell it out” – so that it’s part of the Purchase Agreement.