Goodall and Hinde on Commercial Leases

A lease is a hybrid: part property and part contract. When leases came to be recognised as estates in land, the courts applied to them many of the concepts of the law of real property. In recent times, however, it has been recognised that the tenant is often more interested in the contractual right to use the property than in the leasehold estate in the land, particularly in the case of commercial leases. Principles of the law of contract are therefore being applied to lease