private treaty


Also found in: Thesaurus, Legal.

private treaty

n
(Law) a sale of property for a price agreed directly between seller and buyer
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.private treaty - a sale of property at a price agreed on by the seller and buyer without an intervening agency
marketing, merchandising, selling - the exchange of goods for an agreed sum of money
References in periodicals archive ?
It is an open, fair, quick and straightforward process, including features of the traditional private treaty route.
Heritage also posted its best year to date overall in 2014 C and its fifth straight year of growth C with a total of more than $969 million in total prices realized across its auction business ($623+ million in 39 categories) as well as its Private Treaty sales ($345+ million).
While it can take nearly 20 weeks from instruction to exchange for a private treaty sale, the marketing and selling of properties at auction can be carried out in an average of just five weeks.
Other oils by the late Anglesey artist unsold in an auction this week were bought in private treaty sales afterwards, taking the grand total for Kyffin's works to PS136,600.
Deadwater Barn is to be sold as a whole by private treaty and is offered for sale freehold with vacant possession on completion.
The National Association of Estate Agents (NAEA) is urging sellers to talk to their agents about auction as one of the three main options of selling, alongside private treaty or tender.
Croxton Cottage and Yew Tree did much better at auction than if they were sold by private treaty," said Mr Gittins.
The estate containing 27 dwellings, excluding the three completed ones, was put up for sale by private treaty with a reserve of [euro]400,000 last October.
While we are engaging in discussions with our government on the amendment of relevant laws, the sales of land will now only be through private treaty or tender," she said.
Typically, auction properties are set at realistic levels compared to private treaty sales - we have seen fairly static prices for the last three years.
In this, it differs somewhat from the "normal" method of selling by private treaty, which will often attract a proportion of interest from buyers who are not in such a favourable position.
Jones Peckover said private treaty sales held up well at the back end of last year as investors bet on another three years of historic payments.