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.
When you purchase a leasehold property you agree to lease that property from the freeholder for a certain number of years. This term can be increased by extending your lease. A lease can be extended at any time, and a longer lease comes with many benefits.