Future Lease in United Kingdom

Definition of Future Lease

In accordance with the work A Dictionary of Law, this is a description of Future Lease : A lease that confers on the tenant the right to possession of land only from a specified future time. A lease, or contract to grant a lease, that is made in consideration of a capital payment or a rent and will take effect more than 21 years after its commencement is void under the Law of Property Act 1925. Subject to this, a future lease can qualify as a legal estate in land.