private treaty

Definition of "private treaty"
  1. An agreement where property is sold at a price agreed upon between the purchaser and the vendor
How to use "private treaty" in a sentence
  1. The couple decided to sell their house by private treaty so they could negotiate the terms personally with the buyer.
  2. In comparison to auctions, selling by private treaty can often be a longer process.
  3. Working with a real estate agent, the man arranged for the private treaty sale of his apartment.

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