When the landlord accepts an offer to rent his commercial property and after the tenant submits an admin fee or deposit, the property will often remain on the market, with status let agreed while reviewing the tenant's references and performing the necessary credit checks.
If the tenancy contract is completed, the property will be removed from the market.
If the application is rejected, the property will be made available again and remarketed again with the let agreed status removed.
A Sold STC property, means 'Sold Subject To Contract': The seller and buyer have already agreed on a price but the final contract has not been signed yet. Before signing the contract, the buyer has to arrange a mortgage and the seller has to make sure there are no issues with planning, the state of the property or unpaid debts.
Many sellers consider new buyers with higher prices, or those who are able to buy the property quickly and without waiting for too long to get a mortgage.
So if you find the perfect property but it's 'Sold STC', a lot can change while the property is still on sale.
Property exchange is another option for sellers and buyers to find the ideal and convenient home or business premises exchange.
When listing your property, you can secify your target city, area and location.
Buddy Ups are people looking to get in touch with like-minded buddies to share a place in a certain area. This is a great way to find the right mates in the right location.
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