ABSTRACT
Q Identify the characteristics of a lease Q Distinguish between exclusive possession and exclusive occupation Q Compare licences with leases Q Describe the different types of leases that can exist in law and explain how they can
be created Q Explain the different covenants that may be expressly or impliedly included in a
lease Q Describe how the law protects a landlord against breaches of covenant by a tenant Q Discuss the enforceability of covenants against third parties on assignment Q Explain how a lease might come to an end
If buying freehold property is impossible or undesirable, taking a lease of property presents a solution. It has many advantages which make it an attractive alternative to owning freehold property. Leases are used for residential premises as well as for business premises and for many shops.
