Property Q&A in Stafford>Question Details

Ribbit, Home Buyer in Stafford, VA

In Virginia if you buy a house and the propane tank is full and no conveyance was at closing who owns the propane that is in the tank?

Asked by Ribbit, Stafford, VA Wed Dec 28, 2011

Bought a house in Stafford, Va with a tank at 75% full. We notified the propane company a week prior to closing that we would be moving into the house and that we would be taking over the service on 12 Aug. We closed on house with nothing from the real estate company in regards to conveying the propane in the tank. Two weeks after closing the real estate agency contacted the propane company and requested a refund for the propane. When we bought the house we even asked and we were told the propane came with the house. Who gets the propane?

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0 votes Thank Flag Link Mon Nov 12, 2012
Ok, since this was resurrected.....Ribbit, did you get to keep the propane?
Jim
0 votes Thank Flag Link Thu Mar 29, 2012
If the previous home owner wanted a credit for the remaining propane there should have been an estimate of value confirmed by the supplier, and the estimate placed on the HUD-1 as a credit to the seller. This request by the seller should have been noted in the contract by the listing agent to support payment from the buyer. Without a signed agreement from the buyer the seller has forfeited ownership of propane, oil, etc. with the transfer of title at the closing table.

Maryanne Moyers, Managing Broker
Dwayne Moyers, Realtor
http://www.MaryanneMoyers.com
http://www.NotYourTypicalRealtor.com
http://www.TheMoyersTeam.com
http://www.MoyersTeamBlog.com
http://www.NorthStaffordRealtor.com
0 votes Thank Flag Link Wed Mar 28, 2012
Hi Ribbit, perfect question for a good real estate attorney, begin by calling your closing company staff attorney.
My opinion is you own the home now, so you own the propane. If they wanted a credit, it should have been agreed to before the closing.
Best wishes, hope it works out in your favor! Jim
0 votes Thank Flag Link Thu Dec 29, 2011
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