Auctions are undoubtedly an exciting place to be. A place where sellers want to quickly get rid of their properties, and buyers are on the lookout for that hidden gem. Commercial Property solicitor, Thomas Whistler gives us his top tips on how to avoid the pitfalls of auction purchases.
You may consider the wording of break clauses to be the exclusive concern of your solicitor. However it is important for businesses to be clear about these from the outset, and take on board the implications. Failure to do so can be potentially costly, as was shown by a case involving Marks & Spencer. One of our Commercial Property Solicitor’s Catherine Spence explains break clauses and the importance of understanding your lease.