Minimum value (valor mínimo)
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The valor mínimo is the price from which the property can be sold, which in civil enforcement and on e-Leilões is 85% of the base value.
In civil enforcement sales, the value announced for the sale equals 85% of the (CPC article 816(2)). The e-Leilões rules call this the valor mínimo: the value from which, inclusive, the asset can be sold. The platform notes that in some cases the minimum value may equal the base value.
Below the minimum value, a bid does not lead directly to a purchase. In judicial , lower offers are accepted only if the , the and all creditors with security over the property agree (article 821(3)). On e-Leilões, a bid between 50% and 85% of the base value is a 'conditional bid'.
Example
Illustrative example: base value of €200,000. The minimum value is €170,000 (85%). A bid of €150,000 on e-Leilões is recorded but conditional. A bid of €170,000 or more, if it is the highest at closing, obliges the bidder to deposit the price.
In practice, at an auction
A conditional bid is not discarded: under the e-Leilões rules it may be used later in the proceedings as an offer in a sale.
In Tax Authority sales the term is not used in the same way. What counts there is the base value announced at each stage (70%, then 50%), and there is a final floor: the sale cannot be awarded for less than 20% of the property's value (CPPT article 248(5)).