AGREEMENT WITH AN AUCTIONEER
(LETTER FORM)
To: ____________________, Auctioneer
Dear Sir,
I, the undersigned, hereby authorize you to sell by auction, with or without special conditions as you may consider most advantageous, and for the best price not being less than Rs. ____________/- (Rupees ____________________ only), my dwelling-house built on freehold land and situated at ____________________ (address and brief description, size, etc.).
In consideration of your procuring a customer and completing the sale of the said property, I authorise you to deduct from the sale price, by way of your remuneration or commission, ______% thereof, which amount shall cover your own charges for conducting the sale and all expenses and cost of the auction or sale. Should you fail to complete the sale of the said property within the time herein allowed, or such extended time as I may grant you in writing, you shall be entitled to no remuneration, commission or expenses.
I undertake that I shall concur in, execute and confirm the sale made by you, and do all such acts, deeds and things as may be requisite and proper for performing and completing the same, and effectually conveying in full and absolute ownership the said property to the purchaser, on receipt of the sale price together with the expenses of transfer, but less your commission of ______%.
And I also undertake not to repudiate or revoke this authority, which is being given for a period of ______ months from the date hereof; and after such period the said authority shall be deemed revoked, whether any letter of revocation is written or not.
I further assure you that the said property is neither encumbered nor charged with the payment of any loan, debt or tax, except such taxes as are usual; and that all taxes have been paid up to date and shall be paid till the date of sale.
I am also enclosing the Title deed and other documents ____________________ with this letter.
DATE: ____________
Yours faithfully,
Signature: ________________________
(Owner)
I confirm the above.
Signature: ________________________
(Auctioneer)
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About this template
What is this template?
This document is a formal appointment of an auctioneer by a property owner in letter form. It specifies a minimum reserve price in Rupees and combines the authority to sell with a representation of clean title. It is not an exclusive listing agreement that survives the stated expiry period.
When should you use it?
Use this letter when hiring an auctioneer to sell a house on a commission-only basis where no payment is due if the property remains unsold. Use a standard real estate agency agreement if the sale is to be conducted via private treaty rather than auction.
What's inside
| Clause | Name | What it does |
|---|---|---|
| Paragraph 5 | Authority to Sell | The Owner authorizes the Auctioneer to sell the freehold dwelling-house for a minimum reserve price of Rs. [amount]. |
| Paragraph 6 | Remuneration and Expenses | The Auctioneer receives a commission of [percentage]% of the sale price, covering all charges and expenses of the sale. |
| Paragraph 6 | Condition for Payment | No commission or expenses are payable if the Auctioneer fails to complete the sale within the allowed time period. |
| Paragraph 7 | Owner Obligations | The Owner must execute all deeds and acts necessary to convey full and absolute ownership to the purchaser upon receipt of payment. |
| Paragraph 8 | Period of Authority | The authority to sell remains valid for [number] months, after which it is deemed revoked without further notice. |
| Paragraph 9 | Property Representations | The Owner warrants that the property is free from encumbrances, loans, or debts, and that all taxes are paid. |
Who it's for
- a property owner appointing an agent to conduct a public sale of a freehold dwelling-house
- an auctioneer requiring written authorization to sell a residential property at a set reserve price
How long it runs and how it's signed
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