In her extraordinary non-fiction debut, Jacqueline Feldman tells the story of Le Bloc, a legendary squat situated at the far edge of Paris, near where the banlieue begins. Opened in 2012, the squat took in artists and activists as well as immigrants from around the world. They lived and worked within its labyrinthine structure, continually threatened with eviction and existential as well as financial precarity. Over many years Feldman, a reporter from the US, follows a cast of itinerant, displaced characters, tracing the fate of a counterculture under austerity while investigating the trending use of a legal device by which squatters could receive a reprieve from eviction but were reduced in status to property guardians. In the tradition of Walter Benjamin and other chroniclers of Paris, she draws on its revolutionary and bohemian history while sounding issues of the most contemporary urgency about hospitality and refuge, creativity and precarity, ecology and utopia. With gripping candour and journalistic precision, Precarious Lease is a thrilling dramatization of late-stage possibilities for co-existence in the ruins of a capital city.