Hoctor Kaplin, LLC
Hoctor Kaplin, LLC
With offices in Richmond, Virginia, and Washington, D.C., Hoctor Kaplan, LLC, is dedicated to providing the highest caliber of legal representation to its clients.
The firm's principals have distinguished themselves by their experience and professionalism, representing clients as diverse as Fortune 100 companies, middle-market businesses, start-ups and individuals. Past and present clients of the firm represent a broad range of industries including investments, real estate, manufacturing, professional practices, construction, entertainment, sports and technology.
As a boutique, Hoctor Kaplan was designed to be flexible in its approach to the representation of each client. We have the ability to take more time than most law firms to learn the aspects and issues unique to each client and to provide innovative approaches to representing our clients, which are designed to anticipate legal issues before they become legal problems.
10800 Midlothian Turnpike
Richmond, Virginia 23235
Washington, D.C. Office
1201 Pennsylvania Avenue NW
Washington, D.C. 20004
Real Estate Contracts >The Sales Price
After your search for a house and all the negotiations are over, you arrive at the the sales price. Finally, you feel some certainty about your bottom line. However, it is not unusual for there to be disagreements about what is included in the sales price. Careful drafting of the paperwork can help to avoid future disputes.
The following definitions may help. Real property is land and any permanent attachments, such as buildings, landscaping and fences. Personal property consists of movable possessions, such as furniture and clothing. A fixture is defined as an item of personal property which has become part of the real property by virtue of becoming permanently attached, such as a new sink, a Jacuzzi, or a chandelier.
The principal area of dispute about the sales price often relates to fixtures. Most preprinted real estate contracts will provide space for the fixtures to be listed. Whether you are selling or buying, you should make use of this space. Do not assume curtains, satellite discs, antennas or fireplace equipment come with the house. You should also make it very clear what you don't want left on the property. If you are specific about every item that may be questionable, you will greatly reduce the chances of a dispute after the closing.
How did actress Jayne Mansfield decorate her Hollywood "Pink Palace" without buying any furniture?
She wrote to furniture suppliers asking for free samples, telling them they could brag that their furniture was in her outrageous mansion. She received over $150,000 worth of free merchandise.
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