rental items
It is common for certain items, such as a water heater, furnace, or security system, to be rented rather than owned. When a Seller has rented items such as these, they cannot legally include the items in the sale, because a person can only sell things that they own. To get around this, the Seller will usually ask the Buyer to assume the rental contract as part of the sale. Most contracts allow this, but some have a “no-transfer” clause. In that case, the Seller is forced to buy out the contract and the Buyer will need to arrange a new rental on their own.
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