Difference between lease and licence
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1 comments:
1. Lease is the transfer of a right to enjoy an immovable property for a certain period, in consideration of price paid or promised to be paid in cash or kind.
2. License is a right to do or continue to do, in or upon the immovable property of the grantor; something which would in the absence of such right does not amount to an easement or an interest in the property.
3. Lease is a transfer of interest, but license is not.
4. Lease can be assigned, but a license cannot.
5. Lease is heritable in nature. License is not heritable because the right extinguishes with the death of licensee.
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