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What is the difference between a license and a lease of property?

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βˆ™ 2007-06-18 00:29:25

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A license is a contractual right to do something on a property, whereas a lease is a property interest that includes possession of the property, often containing the right to sub-license specified uses of the property.

For example, you could lease a warehouse from someone and have a license to use it as a public storage facility, provided you paid a percentage of the generated income to the landlord.

2007-06-18 00:29:25
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