Tender or Deadline Treaty

The benefits of sale by this process are:

• A Tender allows the vendor to deal with the preferred party

• It sets a specific timeframe (usually over a 4 week period) which allows purchasers time to carry out their due diligence and then make a formal offer

• It provides the flexibility for the vendor to countersign the preferred offer

• It also encourages tenderers to complete due diligence and have finance in place, reducing the time delay between acceptance and settlement

• The tender process requires purchases to submit on the vendor’s pre-determined terms and conditions