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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.
1 Land buyers can use a Vacant Land Seller's Property Disclosure Statement, which is a document provided by the realtor, to learn important facts about a property. 2  You must verify the accuracy of this document. 3  For example, the phrase electricity is at the lot line may not be correct. Land buyers can use a Vacant Land Seller's Property Disclosure Statement, which is a document provided by the realtor, to learn important facts about a property. 2  You must verify the accuracy of this document. 3  For example, the phrase electricity is at the lot line may not be correct.