LETTER OF ACCEPTANCE TO BID ON BEHALF OF THE PURCHASER

To

________________ (name of purchaser)

______________________________

______________________________ (address of purchaser)

 

LETTER OF ACCEPTANCE TO BID ON BEHALF OF THE PURCHASER

 

1. The auction for ___________________________________________ is to take place at ____ (time) on __/__/20__ at ____________________________ (address).
2. The reserve price, for the purpose of this auction, is Rs. ____________. The purchaser has authorised me to start bidding from a price lower than the abovementioned reserve price, but not lower than Rs. ____________. The purchaser has further authorised me to raise the bid to a price higher than the abovementioned reserve price, but not higher than Rs. ____________.
3. In case the purchaser’s bid is accepted and the property is deemed sold, I have been authorised to sign all documents to form the contract, on behalf of the purchaser.

 

I hereby accept the authority vested in me by the purchaser to bid for the property to be sold at the abovementioned auction.

 

_____________________ (name of purchaser)

_____________________

Purchaser’s Signature

_____________________ (name of proxy bidder)

_____________________

Proxy Bidder’s Signature

 

Dated: __/__/20__