It is crucial for a buyer and seller to understand the difference between chattels and fixtures in a purchase and sale transaction. Buyers may not be aware of the value of an item in their new home or be surprised when an item they assumed would be included in the purchase is not. Establishing the status of chattels and fixtures in the purchase and sale agreement is essential in order to avoid any conflict. So, what is the difference between the two? Chattels are moveable possessions... [read more]