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in this lesson we are going to begin our three-part discussion on one of the most important aspects of property law or land law which are leases now we are going to discuss the formalities the creation and termination as well as the enforceability of leases in relation to UK property law the very first aspect that we need to understand is that the very notion or the concept of leases allows for two or more persons to enjoy benefits of an estate in land at the same time now if you note back to the introduction lesson of this course we discussed on the difference between an estate and an interest both being proprietary rights in land and interests is that which is a right over anothers land whereas an estate is ownership of your own land so either be the freehold or a leasehold in this case of course a lease the ownership is the most paramount or the most important the most enforceable type of proprietary right now there are several characteristics of a lease and these have been outlin