What Is The Difference Between A Lease And A Licence Agreement
“Leasing” is a word that everyone knows and hears day after day when dealing with real estate-related transactions. Renting can be defined as the right to enjoy a property for a certain period of time for a price paid by the person who comes into possession of the property. According to Black`s Law, “lease” can be defined as a transfer of land to a person for life, for a period of several years or on a monthly basis, taking into account rent or other compensation. .