> Your neighbor could start woodworking as a hobby [...] and shouldn't expect compensation for inconveniences especially in the case of leasing.
If by doing so causes noise, and the circumstances are unreasonable (e.g. woodworking through the night), a claim could certainly be made under nuisance. An injunction to cease the unreasonable behaviour (e.g. only allowing noise to be made during certain hours) would be the primary remedy, but monetary damages for, e.g., loss of sleep are also possible.
If by doing so causes noise, and the circumstances are unreasonable (e.g. woodworking through the night), a claim could certainly be made under nuisance. An injunction to cease the unreasonable behaviour (e.g. only allowing noise to be made during certain hours) would be the primary remedy, but monetary damages for, e.g., loss of sleep are also possible.