All Definitions

Term Definition
Sale and Rent Please don't confuse 'Sale AND Rent' with 'Sale OR Rent'.

Sale or Rent is very simply saying something is available BOTH for sale or for rent.

Sale and Rent is commonly used to advertise and sell businesses, partnerships, franchises and commercial properties where there is a business component involved and that component is undertaken from a leased premises.

So, Sale and Rent is where you buy the business component of a listing (this is the 'for sale' part) and then you rent the business premises (the rent part).

Typically, in for Sale and Rent offers, the 'for sale' component includes assets like:
  • furnishings, plant and equipment
  • ownership of company and current contracts
  • licenses and Permits
  • trademarks and use of brand
  • goodwill
  • suppliers and customers databases
  • online and social media accounts
  • stock
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    SPA Sale and Purchase Agreement

    Sometimes also called a Sales Agreement, it is a contract between Buyer and Seller, typically agreed and signed on the date a deposit is made to purchase/sell a business. It details the price, conditions and terms of the sale/transfer and is typically drafted by the Broker or the Buyer's Lawyer.