Question
Lease and License
Answer :
Word Count : 213
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There are some crucial differences between a lease agreement and a license agreement.
a) Under license agreements, the legal ownership and the possession of the property remain with the licensor. Under a lease agreement, the tenant generally has exclusive possession with respect to the property. In other words, a license does not create any interest in the premises in favor of the licensee.
b) A licensee cannot give the premises on rent to a third party under any circumstances. On the other hand, a tenant
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