What is the difference between a lease and a license?
They may sound like the same thing, and you may have heard the terms used interchangeably. However, a lease and a license are two separate legal concepts that offer different rights and duties.
A lease is an agreement between a landlord and a tenant that gives the tenant an exclusive interest in a property. A license is permission from the owner to a licensee to do something on the owner's property. As with all things law related, the distinction is never so simple.
To determine the difference between a license and a lease, we look at: