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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.
Best Answer: Yes and it does. A Notice of Trustee Sale means that the house is scheduled to be sold to satisfy a loan that is behind. The landlord still owns the house until the sale or auction is completed. Not all properties that receive a Notice of Sale go all the way through the foreclosure process. If the loan is brought current prior to the sale date, the Trustee Sale will be rescinded (canceled) and everything goes back to the way it was.