New Regional Sales Contract - What's New On Page 3

9. PERSONAL PROPERTY AND FIXTURES: (Formerly Paragraph 2) The list of items has moved here from page 1, and we have added a third column (in addition to Yes or No) for the number of each item that convey. If you leave the number blank it defaults to one of that item.

• The items have been listed in alphabetical order to make things easier to find!
• Wall mounted electronic components/devices DO NOT convey
• Window treatment hardware DOES
• Attic and exhaust fans DO
• "As Is" Items: New sub-paragraph with blank line to specify item that the Seller does not warrant the condition or working order of.
• Leased Items: New subparagraph to list items leased by the Seller not owned, and to deal with transfer of existing service contracts
  

10 A. (Formerly Paragraph 8 A) Added language to clarify what happens if the lender does not approve of the entire Seller credit towards the Purchaser's closing costs. ("If lender prohibits the Seller from the payment of any portion of this credit, then said credit shall be reduced to the amount allowed by the lender.") This is what should have happened under the old contract, but the language left things ambiguous enough that folks continued to fight about it at the settlement table.

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