Jargon Buster
Vacant possession
Vacant possession refers to a property that will be free of tenants or a tenancy when a sale is completed is offered for sale as ‘vacant possession’.
Vendor(s)
A vendor is another name for the seller of a property.
Viewing
Potential buyers can book viewings of properties they’re interested in through estate agents.
‘Open’ viewings also take place in some cases, particularly for properties where a large amount of buyer interest is expected.
Agents will gather information on a buyer during a viewing, assessing their initial interest in the property and their ability to proceed.
