Property Ownership
Which of the following is an example of personal property (chattel) that would NOT automatically transfer with a real estate sale unless included in the contract?
ABuilt-in kitchen cabinets
BCentral air conditioning unit attached to the house
CA free-standing refrigerator✓ Correct
DWindow blinds installed with brackets
Explanation
A free-standing refrigerator is personal property (chattel) that is not attached to the real estate and would not automatically transfer with the sale. Built-in cabinets, attached AC units, and installed window blinds are fixtures that would typically convey with the property unless specifically excluded.
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Key Terms to Know
Contingency
A condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
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