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A legal lease of seven years or less is indeed different from a longer lease primarily in terms of registration requirements. Specifically, leases that are seven years or shorter are exempt from the necessity of being registered at the Land Registry, meaning they can exist without formal registration and still be legally binding. This contrasts with leases that exceed seven years, which must be registered to ensure that the landlord's interests are protected and enforceable against third parties.

In practical terms, this exemption allows for greater ease in the creation and transfer of shorter leases, as parties can enter into these agreements without the additional step of filing with the Land Registry. This can facilitate quicker transactions and can also help in situations where parties need to quickly establish a tenancy without the bureaucratic delays that might accompany longer leases.

The other options do not accurately reflect the distinctions regarding shorter leases; for example, they are not automatically renewable, they may not always bind buyers in cases of unregistered interests, and registration with Companies House is not required for leases, but rather it is a separate process related to corporate entities.