Non-Realty Items Addendum

What Is a Non Realty Items Addendum

A Non-Realty Items Addendum is an important real estate document used mainly in property transactions. This specific addendum serves as an agreement between the buyer and seller about personal items that are not technically part of the property but are to be included or excluded in the transaction. These items, also known as non-realty items, could range from furniture to appliances, pieces of art, garden tools, and even pets.

When to Use Non Realty Items Addendum Texas

In Texas, the use of a Non-Realty Items Addendum is quite prevalent due to specific situations that require clarity between parties involved in real estate deals. Below are the typical situations where you might need to use a Non-Realty Items Addendum Texas:

• Existing Furniture: If a buyer is interested in purchasing a fully furnished house, and the seller agrees, the details of the furniture become a part of the Non-Realty Items Addendum.
• Appliances: A non-realty items addendum is essential whenever appliances such as refrigerators, washing machines, or built-in microwaves are involved in the transaction.
• Unique Non-Realty Items: These may include trampolines, garden sheds, or barbeque grills, which the buyer intends to keep.
• Builder Add-Ons: Sometimes, the builder offers add-ons, like upgraded fixtures, smart appliances, or even club memberships, to new buyers.

How To Fill Out Non Realty Items Addendum Tar

Filling out a Non-Realty Items Addendum Tar can be seamless if you know the right steps. Here is a step-by-step guide to get you started:

• Prepare the document: To start, you should have a copy of the current Texas Real Estate Commission’s Non-Realty Items Addendum form.
• Basic Details: Fill out the basic details, including the date and names of the buyer and seller.
• Describe the Items: List all non-realty items included in the purchase agreement. Provide detailed descriptions.
• Determine Value: Enter the agreed value or cost for each non-realty item. If there's no cost associated, write "$0" or "N/A."
• Sign and Date: Once all details are filled, both parties should sign and date the document.

When to File Non Realty Items Addendum To Contract Texas

In Texas, it's best to file a Non-Realty Items Addendum to Contract Texas as soon as both parties agree on the items to be included or excluded. It's crucial to file this addendum simultaneously with the main property contract. This helps avoid any misunderstandings or legal complications, ensuring a smooth real estate transaction.