Meaning of ‘furnishing of no value,’ on real estate contract

UPDATED: Sep 30, 2022

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Meaning of ‘furnishing of no value,’ on real estate contract

Recently had this included on a counter offer for real estate in California.
It was listed in a addendum, and didn’t even notice it was there. My agent
missed it as well. The buyers agent have her clients under the impression
there are entitled to all the furnishings in my home.

What is the law in this matter? I would be happy to leave some items, but
other things cannot be left.

Asked on June 9, 2017 under Real Estate Law, California


SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 5 years ago | Contributor

Furnishing of no value means that the parties to the contract are agreeing that there is no monetary value to the furnishings (whether in real life they would have value is irrelevant; a legal agreement was made that they do not). This means you would not be entititled to any compensation for the buyer keeping them, since there is no compensation for things which do not have any value. If you signed a contract giving away your furnishings, you are bound or obligated to it; the fact that you "missed" that term or provision is irrelevant as long as it was there in the contract and you could have seen/read it and, as applicable, objected to it. When you sign a contract, you are bound to all the terms in it.

IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.

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