Private treaty
nounpri·vate trea·typronounced PRY-vət TREE-tee
Last reviewed 16 April 2026
What does the noun Private treaty mean?
A method of selling property where the seller sets an asking price and negotiates directly with potential buyers, rather than selling at auction. Buyers who purchase through private treaty have a cooling-off period and more time to conduct due diligence.
How the noun Private treaty is used
We bought through private treaty, which gave us a cooling-off period and time to get our building inspection done without the pressure of auction day.
Synonyms
private sale
Related words
Cite this entry
MLA citation: "Private treaty." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/private-treaty. Accessed 29 May 2026.
Chicago citation: How to Property. "Private treaty." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/private-treaty.
APA citation: How to Property. (2026, April 16). Private treaty. https://howtoproperty.com.au/definitions/private-treaty