When you initially take on a rental property the chances are that you will look to sign onto a term lease, this ensures that you will stay locked to the property for a certain amount of time and that your rent will remain the same throughout this period of time.
As a landlord, you will have to take on many responsibilities and ensure that the property and its conditions are of an appropriate standard for the tenant.
Whether you are interested in putting your property up for sale, looking to buy or you are a keen property investor, then one of the best ways you could look to find a great deal is to go through a property auction.
If both the tenant and landlord are happy to continue with the rental of the property in question, then the chances are that a lease renewal will be a definite conclusion for both parties.
If you are considering selling your property through auction then it is important to take a few things into consideration to ensure that you are getting the best deal available.