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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.
Harmful or destructive use of real property by one in rightful possession of the property. Waste is an unreasonable or improper use of land by an individual in rightful possession of the land.A party with an interest in a parcel of land may file a civil action based on waste committed by an individual who also has an interest in the land.. 1) any damage to real property by a tenant which lessens its value to the landlord, owner or future owner. An owner can sue for damages for waste, terminate a lease of one committing waste, and/or obtain an injunction against further waste.