A document used primarily during property transactions, this inventory serves to delineate clearly what items are included with the sale of a property and what items the seller intends to remove. It prevents disputes and misunderstandings by providing a precise record of attached items, such as light fixtures, built-in appliances, and permanently installed features, as well as movable items that may be included, like curtains or free-standing furniture specifically agreed upon.
The use of such a structured document provides several key advantages. It establishes a clear understanding between buyer and seller, minimizing the potential for disagreements after the sale is complete. Furthermore, it facilitates the valuation process, ensuring accurate assessments are made based on a comprehensive list of included property features. It also assists legal professionals in drafting contracts that accurately reflect the agreed-upon terms of the sale.
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