Reserve Auction — A «Reserve Auction» sets a minimum price below which the seller is not obliged to sell
the property at the expiry of the auction.
Not exact matches
To me they are an obligation to own a specified foreign
property as they give you no right to acquire that
property unless sold to you
at or before
expiry but I can see how it might be interpreted otherwise.
Landlords» ability to recover costs of outstanding repairs
at lease
expiry has been thrown in to sharp focus, especially where the
property in question is scheduled for re-development.
It is common for landlords to serve a s 21 (1) notice on their tenants
at the beginning of the tenancy and then specify a date by which they will require possession of the
property — ie, after the
expiry of the fixed 12 - month AST.