This clear and accessible book covers all aspects of commercial leases, from receipt of instructions to termination. Fully up-to-date with all recent cases relating to the lease-licence distinction, Land Registry requirements, the recent changes to the Landlord and Tenant Act 1954 Pt II and the new regulations for the execution of deeds, its detailed explanation of the underlying principles of this complex area of the law - and their practical application - makes it a valuable text for all students taking undergraduate commercial property options, as well as those taking the LPC and the BVC.Provides a detailed explanation of both the underlying principles and their practical application in this complex area.Preface Table of cases Table of statutes Table of statutory instruments Table of abbreviations INTRODUCTION: Meaning of commercial property Commercial property in context Commercial property in practice Conveyancing DEVELOPMENT AND LEASES: Introduction Development leases Site acquisition Planning Construction Funding and investment Letting LEASES: Introduction Relationship of landlord and tenant Definition Essential elements of a lease Parties to a lease Types of leases Formalities for the creation and assignment of a lease LEASES AND LICENCES: Importance of the distinction Licences Law relevant to the lease-licence distinction Drafting FORM AND CONTENT OF BUSINESS LEASES: Introduction A typical business lease ENFORCEABILITY OF LEASEHOLD COVENANTS: Introduction The old rules The new rules Use of insolvency law to avoid liability RENT AND RENl“p