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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.
A â No. The property still belongs to the original owner even though the order of sale has been issued from the court. If you purchase a property at Sheriffâs Sale and have a ten percent deposit down, it still belongs to the original owner until the Common Pleas Court Judge has signed the confirmation of sale. This process may take up to 30 days or more.