This is a concise text for law students and students of related business and professional courses who need up-to-date legal knowledge of this subject. This third edition has been fully revised; the first part of the book centres on the general law of leases, their contractual nature and the interests and obligations which a lease creates. Recent trends, including recent important cases in repairs, rent reviews, liability of covenants and the changes in this area made by the Landlord & Tenant (Covenants) Act 1995 are carefully assessed. In the second part, the authors explore the continuing impact of the Housing Act 1988 as well as considering the effect of the Leasehold Reform, Housing and Urban Development Act 1993, and the changes introduced by the Agricultural Tenancies Act 1995 and the Housing Act 1996.