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You are likely to find that the contract for the sale of commercial property incorporates the Standard Commercial Property Conditions (Second Edition) and specifies, again, that the property is sold âwith vacant possessionâ or subject to a specific lease.f you seek to provide vacant possession then you must ensure that you pass the two fold test mentioned above and in particular: 1  You must leave the property and ensure that your family/employees leave and, indeed, anyone else-such as trespassers. 2  Take all your goods with you.
What is a Consignment Sale? My Accounting Course 2017-10-01T08:18:43+00:00 Definition: Consignment sale is a trade arrangement wherein the goods are entrusted with a third party (often on commission basis) to be sold on the ownerâs behalf. What Does Consignment Sale Mean? What is the definition of consignment sale? The owner sends goods to the seller without immediate payment. The seller is entitled to pay the owner for the goods when the sale happens.