Difference Between Lease and Licence: Which Is Preferable?

The two main forms of contractual arrangements that might exist between the owner (landlord/lessor) of the property, and the person (tenant/lessee) who wants to utilize that property or premise for residential or commercial purposes are – lease or leave and license. What is “Lease” and “License”? The Transfer of Property Act, 1882 defines lease. It […]

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