A lease is a conveyance of interests in property. A license is a permission to use the property. A license does not convey an interest or right in the property. This legal distinction is important. A license can easily be revoked, whereas terminating a lease is more complicated. Also, a license will end upon the sale of the property or demise of the licensor. Some public entities use licenses instead of leases for these reasons.
Posted in: Lease Agreements, Lease Core Concepts
