Personal property such as household and personal goods, furniture, jewellery, antiques and works of art, stamp and coin collections, cars, caravans and boats, electrical equipment, clothes, books and garden equipment.
Movable and removable items, which commonly include the stove, the television aerial, fixed floor coverings e.g. carpet, blinds, curtains, drapes and light fittings and so forth. Such chattels need to be itemised in the Sale and Purchase agreement if they are to remain with the property.
Refers to removable items that would not normally be included in the sale of a home, such as portable dishwashers, laundry appliances, or portable microwaves. CLOSING DATE: The date on which the real estate transaction is complete. COUNTER-OFFER: Used in price negotiation. One party may accept an offer, or make a counter-offer of a different price. DEBT SERVICE RATIO: Refers to the percentage of a borrowerâ€™s gross income that can be used to service mortgage payments and realty taxes.
Moveable and removable items of personal property. In real estate transactions, chattels included in the sale usually include the stove, television aerial, carpets, blinds, curtains, drapes and light fittings. However, unless chattels are specified in the agreement, they are not sold as part of the property.
A term used to describe moveable possessions, such as furniture, consumer durables and fittings (but not fixtures). The word is a corruption of ‘cattle', from the times when livestock formed the bulk of a household's possessions.