Under Paragraph 2 of the TREC One to Four Family Residential Contract, all of the following items are typically included as part of the property EXCEPT:
Correct Answer
D) The seller's freestanding refrigerator not attached to any cabinetry
A freestanding refrigerator that is not attached to cabinetry or built into the property is generally considered personal property, not a fixture. Under Paragraph 2, only permanently installed and built-in items are automatically included in the sale.
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Previous Question
Paragraph 7 of the TREC One to Four Family Residential Contract addresses property condition. A buyer receives the Seller's Disclosure Notice and discovers that the seller has disclosed a previous foundation repair. The buyer wants to terminate the contract based on this information. Under the contract, the buyer:
Next Question
Agent Park is completing Paragraph 9 of the TREC One to Four Family Residential Contract, which addresses closing. The buyer and seller have agreed on a closing date of March 15. If the title company cannot complete the closing by March 15, what happens under the contract?