what to inculde in chattels for a lifestyle block?

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8 years 2 months ago #518715 by charris
Hi there,

After researching a place for about 6 weeks and finding every bit of paper on it and then some we are finally ready to make an offer on a lifestyle block. Just wondering if there is anything aside from mower, quad we should put in chattels - like I would we need to specifically list the septic tank for example?

Many thanks!

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8 years 2 months ago #518717 by Stikkibeek
Not needed to specify septic tank as that is part of the structure of the house. Chattels are things like curtains, light fittings, greenhouses, basically things, someone might carry away easily. On a lifestyle block, gates, troughs could be included in that so you could specify all farm assets for the security and well-being of stock. You should get your lawyer involved in perusing the document in any case. Other things like stove, etc, could be classified as fittings/fixtures, so will be left.
They might take away a rug, but should leave fixed floor coverings like carpet.

Did you know, that what you thought I said, was not what I meant :S

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8 years 2 months ago #518718 by muri
Things like mowers and quads are not usually included in chattels, remember anything that is a chattel should be in working order. So if the quad breaks down, the seller is required to get it fixed, thats why it would be unusual to include it as chattels, even tho they may leave it behind.
Water pumps are usually included in chattels, water tanks are usually not included as they are an integral part of the working of the property

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8 years 2 months ago #518720 by LongRidge
Hay, other stored stock food, firewood, electric fence unit and shearing plant are not usually considered chattels, so try to include them if you want them. But expect the owner to object to them being part of the remaining gear. You might also want to specify how long any animals that are grazing the property may remain there.

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8 years 2 months ago #518749 by skyline_glenn
Some people can be a bit funny about what should be part of the property. We had a neighbour who sold a few years ago after a marrige break up, she gave some of the gates and a water pump for the stock water to another neighbour, and also all the old and new posts that weren't being used were given to another neighbour(nothing wrong with that but they got good money for the property and they could have been used to finish the fencing off)

So I would ensure all gates, pumps, water filters and tanks remain with the property and if there is a electric fence unit or a pile of posts/timber check if that comes with property. Quads and ride ons would be negotiated outside of the house negotiations as the vendors wont want to pay the RE agent fees for them.

Glenn
_______________________
23 acres, a cat(olive), Maddison the chocolate lab, 2 ewes, Mumma the cow, 4 steers, 10 chooks and lots of hares.

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8 years 2 months ago - 8 years 2 months ago #518750 by kai
You can include or exclude what you like in the contract. It is perfectly normal to include things like mowers and tractors etc in the sale if you do not want them and or cannot be bothered to sell separately. Items such as mentioned above are often use as final bargaining tools eg "give me a better offer and we leave the .......". However it is standard practice to have a statement in the contract that the vendor makes no warrantee on the items. This is as much to cover the real estate agent as anything else as the buyer could argue that as they were in the contract that if there is any issue with them that the agent is liable to make good.
Usually what is left is done by negotiation between the two parties, we had a whole load of hydroponic pots which we asked did they want and they said yes, please leave anything you want to do with gardening. We did however give away a load of stuff to friends, mostly prior to the property being put on the market and we sold as much stuff as we could. In the end, included in the contract was a large BBQ, a ride on mower, a geriatric tractor, and a set of outside shelves that we had been going to take to the tip. If you leave stuff they do not want, they can bill you for the cost of removing it.

You can also sell items independently of the house sale contract, eg if you made an agreement that they gave you $500 for a nice dining table, at that point they are liable for $500, and are liable for ensuring the safety of that item. So if the house burnt down, whilst they could cancel the house sale, they would still owe you $500 even though the table was burnt, whereas if it was in the contract they would owe you nothing. Therefore if there is a long period between confirmation and settlement it may be in their interests to remove the property unless their current insurance covers items not in their current residence.
Last edit: 8 years 2 months ago by kai.

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8 years 2 months ago #519140 by ahdeek
Also if you want the stock ask about it, as I know when we bought our LSB we did not think about it and trying to buy sheep in June with out knowing first thing about buying sheep and no stock create for the trailer with the grass already 4 week with out stock on it when we move in was not fun.

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