Articles tagged with: Sale by Tender

Sale by Tender

Published on Friday, 17 April 2015. Posted in Case Studies


The Buyer accused the Agent of claiming payment of a fee for which there was no written or verbal agreement. She explained she had made a bid by tender for the property, and that the form she completed explained that an introduction fee of 2% (plus VAT) of the sale price would be payable by her to the Agent. However, the Buyer contended that the terms of the ‘Sale by Informal Tender Bid Form’ (the Form) made it clear that the fee would only be payable in the event that her tender bid was accepted which, in this case, it was not (the Seller rejected that offer but had accepted a subsequent higher offer from her which had not been made through the Agent). The Agent stated that an introduction fee was due to them in accordance with the terms of the Form which explained that the fee would be payable by the Buyer in the event that she purchased the property.