The purpose of this addendum is to avoid confusion or disputes between the buyer and seller regarding the inclusion or exclusion of personal property in the sale. For example, the document can be used to specify that a refrigerator, washer, dryer, or any other personal item will not be included in the sale of the property.
The "non-Realty items addendum" is typically used in residential real estate transactions in Texas. It is for both the buyer and seller, as it clarifies which personal property items will be included or excluded from the sale of the property.
One common misconception in real estate is the difference between fixtures and personal property. A fixture is an item that is permanently attached to the property and is therefore considered part of the real estate. Examples of fixtures include light fixtures, built-in appliances, ceiling fans, and window treatments.
On the other hand, personal property is any item that is not permanently attached to the property and is not considered part of the real estate. Examples of personal property include furniture, area rugs, and portable appliances.
Another common misconception is that anything that is not nailed down is personal property. However, this is not always the case. Some items, such as shelving units, may be considered fixtures if they are attached to the wall in a way that they become a permanent part of the property.
In conclusion, the "non-Realty items addendum" is a document used in Texas real estate to clarify which personal property items will be included or excluded from the sale of a property. It is important for both the buyer and seller to understand the difference between fixtures and personal property to avoid confusion and disputes during the transaction.
Written by: Texas Roadrunner Realty with ChatGPT
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