It is assumed that although the formalities for a deed were not satisfied, the lease is a written contract, contains all the key terms and is signed by the parties. So satisfies the requirements of section 2 of the Law of Property (Miscellaneous Provisions) Act 1989 and is not void. Is it an equitable lease? Generally, a lease must be made by deed to take effect in law unless it: • takes effect in possession • is for a term of three years or less, and • is at the best rent