Property Law
Commercial Leasing
The Difference Between

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

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2007-06-18 00:29:25

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.

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