Page 36 - Selling your Home - The CommFREE guide to all you need to know

Leasehold Offer
Sometimes land is subject to a lease. The A signed contract, which includes the

owner of the land leases to the tenant for a price, terms and conditions of sale,
fixed rental sum for a fixed period, e.g. 21, signed by the buyer then presented to
99 or 999 years the seller

Listing-Authority Open or General Listing
A contract between the owner and the real Any appointed real estate
estate company marketing the property. It agent/company can quote or sell your
details the length of the mandate, property. Generally low level of
commission rate and the marketing price. marketing and feedback. No one
The type of marketing method to be used is person is totally responsible for
assigned and a summary of information managing your sale
about the property is detailed on the Listing

Authority including a declaration that needs Possession Date
to be completed informing all parties on the The date the purchaser physically
condition of the property takes possession of the property

Marketing programme Reserve Price
A promotional package put together to give The reserve price is the minimum price
a property exposure to the market. It may the seller will accept for their property
include advertisements to be used, a at the auction. (Kept confidential
calendar of dates for advertisements, open between the seller, listing consultant
homes, buyer contact and service and auctioneer)

No Price Marketing
Usually called auction, tender, or for sale by Find an Agent that you
negotiation. The price is not revealed to can trust to advise you
buyers during the marketing promotion
and explain anything

that you do not
understand about your

sales process

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36 Title of the book
The CommFREE Guide to Selling your Home