Fixtures and Fittings
Category Legal Thought of the Week
You’ve sold your house. The new owner, a big rugby fan, gives you a call to remind you not to remove your built-in speakers, projector screen and satellite dish as he wants to throw a World Cup house warming party. You realise that none of these items were properly addressed in the deed of sale … so how do you know whether they are permanent fixtures and fittings? The three factors usually considered are:
- the nature and the purpose of the item;
- the manner and the degree of attachment; and
- the intention of the owner.
However, these do not always provide a conclusive answer. The only way to avoid a dispute between a seller and purchaser, is to include a comprehensive list (with the assistance of your estate agent or attorney) of what is and is not included in the deed of sale.
Source - STBB Attorneys
Author STBB - Newsletter
Published 06 Oct 2015 / Views -