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This lesson focuses on the key aspects of leases in UK property law, including formalities, creation, termination, and enforceability. Leases allow multiple individuals to benefit from an estate in land simultaneously. It is important to distinguish between an estate and an interest in land, with an estate representing ownership of one's own land. A lease is a type of proprietary right that is enforceable and paramount. There are several characteristics of a lease that will be outlined in this discussion.