Private Treaty


ChatChat

Search Office Space

Search Office London’s comprehensive database of 1000’s of London office space available to rent, let, lease, purchase or buy. If you need further help or would like to information about offices not yet released to our database, please get in touch.

Send A Message

Private Treaty

This is the most common form of buying/selling a property and essentially involves a binding private contract for sale to be drawn up between the parties. A sale of a property or investment opportunity by “private treaty” allows the vendor a much greater degree of control over the actual sale process and any specific conditions that should apply. However, unlike a sale by auction, the actual completion of the sale can take considerably longer to achieve.A commercial property agent is usually appointed to manage the disposal process, and a marketing strategy and marketing budget should be agreed with the vendor, to meet the client’s particular requirements. The agent’s fee is usually based on a percentage of the sale proceeds achieved and tends to be in the region of between 1% to 2.5%. This will usually be exclusive of VAT and disbursements, and legal costs.