Sealed Bids

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12 Posts
12 years ago
I am a letting agent acting on behalf of a landlord who has 4 prospective different sets of tenants wanting to take on the landlords property. I believe the fairest way is to go down the sealed bid route. All tenants are viewing the property next week on the same day but all want first refusal and I advised that wasn't possible as everyone needs a chance on the day of viewings.

How does the sealed bid process work, I guess the tenants will each need to put in writing their willing price to pay per month for the property and their employment details and why they feel they are best.

Also, I am aware that the bids would need to be opened at the same time but do all tenants need to be present? I would obviously need time to consult with the landlord to come to a decision.

Any further info on the correct procedure would be helpful.

Many thanks in advance

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