What is typically included under 'Fixtures and Personal Property' in an Offer/Purchase Agreement?

In an Offer/Purchase Agreement, the distinction between fixtures and personal property is crucial for both buyers and sellers. Fixtures are items that are permanently attached to the property, making them part of the real estate when it is sold, such as built-in appliances, lighting fixtures, and cabinetry. Personal property, on the other hand, refers to movable items not attached to the property and can be taken by the seller unless specifically stated otherwise in the agreement.

By including items that clarify what will remain with the property versus what the seller will take, the agreement helps prevent disputes and misunderstandings at the time of sale. This clear delineation ensures that both parties understand exactly which items are included in the sale, contributing to a smoother transaction.

In contrast, the other options do not accurately represent common inclusions in an Offer/Purchase Agreement. The buyer's personal assets, current taxes owed on the property, and details regarding home warranties are typically dealt with under different provisions and do not directly relate to the understanding of fixtures and personal property within the context of real estate transactions.