Definition of private treaty in English:

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private treaty

Pronunciation: /ˈprīvit ˈtrēdē/

noun

The agreement for the sale of a property at a price negotiated directly between the vendor and purchaser or their agents.
Example sentences
  • The property is for sale by private treaty with a price tag of £99,000.
  • The property is for sale by private treaty and the selling agents are seeking offers in the region of £450,000.
  • This property is for sale by private treaty and selling agent Olivers is guiding €1.3 million.

For editors and proofreaders

Syllabification: pri·vate trea·ty

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