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What happens to any other leased equipment already in use on the property… Like water heaters, security systems, and others?

April 26, 2017equipment happens Heaters leased Property security SYSTEMS water

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What happens to any other leased equipment already in use on the property… Like water heaters, security systems, and others?

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The parties will state how this is to be handled in the Purchase & Sale Agreement. Leased equipment is normally paid off at closing, and will be charged to either Buyers or Sellers, depending on their agreement.