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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.
Conditional sale. A conditional sale means that the borrowing is secured on the caravan or motorhome itself until the debt is cleared. A deposit is paid first of all, usually to a value of 10-20% of the total debt, and then subsequent payments are made at a fixed interest rate over a fixed payment term. As the loan is secured, the borrower can benefit from favourable interest rates as the risk to the lender is reduced. However, donât forget that the caravan or motorhome can be repossessed by the lender should the conditional sale repayments not be made.