legal lease
A contract or grant that creates an estate in land for a term of years absolute. A legal lease must normally be created by deed; however, there are no formal requirements for the creation of a legal lease for a term that takes effect in possession and does not exceed three years at a full market rent without a premium. Under the Law of Property Act 1925, the assignment of a legal lease of whatever duration must be effected by deed, otherwise it may take effect only as a contract to assign the term. A legal lease for more than seven years must be registered at the Land Registry (see land registration). Compare equitable lease.

• tales de circumstantibus
• tangible property
• tax
• taxable person
• taxable supply
• tax advantage
• taxation of costs
• tax avoidance
• tax credit
• tax evasion
• taxing master
• taxing statute
• tax point
• tax year
• Taylor Review of Modern Working Practices
• Technology and Construction Court
• technology transfer
• telephone tapping
• teleworking
• temporary employee
• tenancy
• tenancy at will
• tenancy by estoppel
• Tenancy Deposit Scheme
• tenancy for years