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- If the rental unit is delivered already furnished, this deposit is to cover any potential damage to the furniture that was included to the tenant.
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Mar 19, 2023 · What is A Fixture? A fixture is legally considered something like lights, a ceiling fan, decorations, equipment, or appliances attached to the house. Fixtures are regarded as part of the property, and it is a given that they will go to the buyer along with the rest of the property.
- Occasionally in a home sale, there are situations that can be very frustrating for a buyer or a seller, conditions that should be avoidable. One po...
- It is not hard to imagine how the line between a fixture and personal property could become muddled. If a home had an alcove above the stove that c...
- You would expect that the things that cause the most issues in a real estate transaction are the ones that have some grey area. These are the kind...
- If you are going to sell your house, you want to ensure that you and your Realtor are always on the same page. A good real estate agent should be c...
- One of the other bones of contention that often comes up in a home sale is extraneous things that the seller decides they should leave behind for t...
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What is a fixture in real estate?
Does a home come furnished?
Are fixtures real property or personal property in a home sale?
What is a rental property security deposit?
The collection, handling, and management of security deposits are vital components of effective rental property management. Following best practices not only ensures legal compliance but also helps maintain a positive landlord-tenant relationship.
- What Is A fixture?
- The Legal Definition and The Five Tests of A Fixture
- What If You Want to Keep Your fixture?
A fixture is typically defined as an object that is physically attached to real propertythat would require tools to remove it. The way this item is attached is usually with nails, screws, bolts, adhesive, pipes or cement. A fixture is intended to become part of the property and not easily detached. For example, a dishwasher that’s built into your k...
In most cases, legally, a fixture is personal property that is attached to real property and becomes a fixture. How this is determined varies in each state and is usually spelled out in the purchase agreement. “As a listing agent, we have to prepare a multiple listing serviceinformational sheet once the property is on the market. And at that time i...
Corrigan says that if a seller wants to keep their chandelier or other item that is considered a fixture, she recommends removing and replacing it with something else prior to putting the house on the market. “What I basically tell them is anything they want to take that’s attached, take it down now, so no one sees it,” says Corrigan. By doing this...
Nov 13, 2023 · Whether you’re a veteran agent or a rookie hoping to sound authoritative during your first transaction, you need to be able to succinctly explain common real estate terms and definitions to your clients. Even if you know every one of the 136 real estate terms on this list and how to use them, your clients expect you to be their interpreter.
May 1, 2023 · The real estate listing status tells you what's going on with a property. Learn the meaning behind the most common MLS statuses and codes.
Apr 11, 2024 · Most real estate listings will say if a home comes furnished or not. Your real estate agent may be able to negotiate whether the furnishings are added to the sales contract. In any case, don't fall in love with the furnishings until you confirm whether they're included.
Mar 5, 2020 · But with relatively new terms like “expired” and “pending” entering the lexicon, and unclear shorthand and acronyms littering listings, deciphering real estate lingo can be tricky. If you’re tired of all the jargon, or just plain confused, here are some real estate terms to know so you can kick off your home search without a hitch.
