Building on the successful first edition by updating essential information and including actual and proposed changes to the law and practice of the management of leasehold residential property, this practical and informative guide covers all of the key areas with clarity and depth. Outlining how a lease differs from other tenancies, this book explains the types of leasehold tenures, the rules about service charges, the rights of leaseholders, as well as the effects of the 196 Housing Act and the upcoming Leasehold and Commonhold Reform Bill.