Humber/Ontario Real Estate Course 4 Exam Practice

If a dining room chandelier is not to be included in the sale of a home, what must be done?

1. Classify it as a chattel

2. Indicate it as taxable in the sale agreement

3. Include it mandatorily

4. Exclude it in the sale agreement

5. List it as movable property

6. Specify it as personal property

The correct answer is: Exclude it in the sale agreement

When a dining room chandelier is not to be included in the sale of a home, it is essential to exclude it in the sale agreement. This clear communication ensures that both the seller and the buyer have a mutual understanding regarding what items are part of the transaction. By stipulating the exclusion in the sale agreement, there is no ambiguity regarding the chandelier's status, which helps prevent disputes later on. Properly documenting the exclusion establishes it as not part of the real estate transaction, which is vital since fixtures generally remain with the property unless otherwise stated. When items are specifically noted as excluded in the agreement, it protects the interests of both parties and ensures that expectations are aligned.