Your rights as a seller – know what they are

submitted 1 month ago by vinceconnor27 to business

Selling any property can be a busy time, but when you’re preparing to make way for new owners, it’s important to understand what your rights are and what you can and can’t take with you on settlement, how your conveyancer can help you handle contract negotiations, and what to do if the sale falls through.

Your obligations as a seller – fixtures

Whether it’s an established house or unit, there are two classes of items in a property: items that are included in the sale and items that are excluded from the sale. Items that are fixtures are automatically included in the sale of a property. Legally, unless there are specific clauses itemising any exclusions, eg. your favourite pendant light, the fixtures present at the property on the date the contract is formed must be present (and remain at the property) on the date of settlement.

Put simply, a fixture is anything that is physically attached (or fixed) to the property and can’t be removed without causing damage to the property.

So, before you get out the screwdriver to dismantle all those TV brackets on your living room walls and bedrooms, think again as you may be responsible to rectify any damage to the walls. If you have any doubts, check the terms of your contract with your trusted conveyancer.

Reference: https://www.conveyancing.com.au/articles/your-rights-as-a-seller