Actual Completion Date
The date when completion takes place or is treated as taking place for the purposes of apportionment and calculating interest.

Auction
A public sale in which property or items of merchandise are sold to the highest bidder.

AST
Assured Short Hold Tenancy – The most common form of tenancy in the private rented sector with a fixed term and specified rent days.

Auctioneer
The person who conducts an auction. The auctioneer introduces each lot offered for sale, acknowledges bids, and announces whether lots are sold or unsold and their final bid prices.

Auction Catalogue
The catalogue gives a description of the property, details on how to view each property and the General Conditions of Sale. These are prepared by the auctioneer, stating the basis on which the auction is carried out.