Contracts
What is a personal property addendum in a Nevada residential purchase contract?
AA clause allowing the buyer to keep personal items left by the seller
BAn addendum specifying which items of personal property (appliances, window treatments, etc.) are included in or excluded from the sale✓ Correct
CAn agreement between buyer and seller about furniture
DAn NRED-required form listing all fixtures
Explanation
A personal property addendum clearly identifies which items of personal property are included in the sale (e.g., refrigerator, washer/dryer, outdoor furniture) and which are excluded. This prevents misunderstandings about what conveys with the property.
Related Nevada Contracts Questions
- What is a purchase and sale agreement (PSA) in Nevada?
- What is an option contract in Nevada real estate?
- What is a Nevada arbitration clause in a real estate purchase contract?
- What is 'mutual assent' (meeting of the minds) and why is it required for a valid Nevada real estate contract?
- What is an automatic extension clause in a Nevada purchase contract?
- What is a Nevada commercial lease termination clause?
- When a buyer in Nevada fails to close due to an unjustified breach of contract, the seller's remedies may include:
- In Nevada, earnest money in a real estate transaction is:
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →