Thursday, October 4, 2007

Are Flat Screen TVs Going To Be The Next Artificial Fireplace Logs?

Over the years as building concepts and technical innovations occur the contract forms needed to keep up. Many years ago people in rural areas only access to cable type channels was using a satellite dish. Not these small dishes we see today but huge 10-12 foot monsters. At one time the satellite dish was added to paragraph 2. The intent was the seller would leave a functional satellite system. In reality the seller left that huge dish cemented into the ground but took all the electronics in the house. So, the form was changed adding "satellite dish systems and equipment".

A similar situation happened with artificial fireplace logs. These needed to be added a short time ago to clarify that these did in fact stay unless the seller reserved them.

Now with very expensive plasma or flat screen televisions mounted to the wall we are seeing the same confusion. If you have a home with these televisions mounted on the wall it would be a good idea to list them in the final contract that the seller will remove them. However, the belief is that any mounting hardware attached to the wall would remain. Stating that the seller is going to remove the televisions in the listing agreement is not enough. This reservation must be listed in the contract and the acceptable place would be paragraph 2. In the past who would have thought that a TV would be considered real property, so it was not addressed. With new technology some televisions are attached to the wall and MIGHT be considered part of the property.

All information is deemed to be correct but is not guaranteed. Posts are for eduction purposes only and are not intended to replace professional advice.

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