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What is the best bid for a freehold sale?

— 18 Nov 2020, 17:40:49 by James Haywood

A best bid scenario is often requested when selling a freehold property, depending on the level of interest. It allows for a fixed period of marketing, with interested parties invited to put forward their best and final offer, subject to contract. (read more...)

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What is the RICS Red Book?

— 29 Oct 2020, 09:50:21 by Jack Peacock

Chartered Surveyors and Registered Valuers will often refer to the Red Book. The Red Book is quite literally, a red book, hence the name given to the RICS Valuation – Global Standards, which governs the majority of work undertaken by Valuers. (read more...)

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Ask our experts

What are Heads of Terms?

— 29 Oct 2020, 09:46:27 by Jack Peacock

The initial agreement for a letting or sale between parties is usually set out in ‘Heads of Terms’. Heads of Terms are the main terms which the parties have mutually agreed to, before entering into a legally binding contract. (read more...)