Which addendum is used to include additional personal property that the client wishes to remain with the property?

Which addendum is used to include additional personal property that the client wishes to remain with the property?

• A. Personal Property Disclosure Addendum
• B. Non-Realty Items Addendum
• C. Special Warranty Deed Addendum
• D. Inclusions and Exclusions Addendum

Answer: (B)

The Non-Realty Items Addendum is utilized specifically to address additional personal property items that a seller wishes to remain with the property following the sale. This addendum allows both the buyer and seller to clearly identify which non-realty items, such as furniture, appliances, or other personal property, will be included in the sale transaction. The specificity of this addendum helps prevent misunderstandings or disputes over what is included in the sale, thereby ensuring that both parties are on the same page regarding the expectations for personal property. The other options, while they may relate to real estate transactions, do not specifically serve the purpose of identifying additional personal property tied to a real estate sale in the same manner as the Non-Realty Items Addendum does. For example, the Personal Property Disclosure Addendum mainly focuses on disclosures rather than inclusions. The Special Warranty Deed Addendum pertains to the type of deed rather than personal property, and the Inclusions and Exclusions Addendum, while it might seem relevant, typically refers to more specific terms regarding certain real property components rather than the broader category of personal property.

The Non-Realty Items Addendum is utilized specifically to address additional personal property items that a seller wishes to remain with the property following the sale. This addendum allows both the buyer and seller to clearly identify which non-realty items, such as furniture, appliances, or other personal property, will be included in the sale transaction. The specificity of this addendum helps prevent misunderstandings or disputes over what is included in the sale, thereby ensuring that both parties are on the same page regarding the expectations for personal property.

The other options, while they may relate to real estate transactions, do not specifically serve the purpose of identifying additional personal property tied to a real estate sale in the same manner as the Non-Realty Items Addendum does. For example, the Personal Property Disclosure Addendum mainly focuses on disclosures rather than inclusions. The Special Warranty Deed Addendum pertains to the type of deed rather than personal property, and the Inclusions and Exclusions Addendum, while it might seem relevant, typically refers to more specific terms regarding certain real property components rather than the broader category of personal property.