Abstract
As we have already seen, one of the essential characteristics of a lease is that it is for a fixed and definite duration (Lace v. Chantler (1944)), confirmed by the House of Lords in Prudential Assurance Company v. London Residuary Body (1992). Also, although its technical legal name is a term of years, it may in fact be for any period of less than a year, or even for one day.
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© 1997 Margaret Wilkie and Godfrey Cole
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Wilkie, M., Cole, G. (1997). Different Types of Leases. In: Landlord and Tenant Law. Macmillan Law Masters. Palgrave, London. https://doi.org/10.1007/978-1-349-14460-0_2
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DOI: https://doi.org/10.1007/978-1-349-14460-0_2
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-69286-8
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