Lease vs Rent vs License: Legal Perspective Simplified

0
182

Though often used interchangeably, lease, rent, and license have distinct legal meanings—and knowing the difference protects your rights.

Lease

  • A legal transfer of interest in property for a fixed term

  • Grants exclusive possession to the tenant (lessee)

  • Governed by Section 105 of the Transfer of Property Act, 1882

  • Not easily revocable—offers tenure security

  • Can be inherited or transferred, unless restricted

Rent

  • Common term used for payment made under a lease or license

  • Not a legal category by itself—refers to the financial consideration

  • Can apply to both lease and license agreements

  • Amount, frequency, and terms are defined in the agreement

License

  • A permission to use property without transferring possession

  • No legal interest or estate is created

  • Governed by Section 52 of the Indian Easements Act, 1882

  • Usually revocable and non-transferable

  • Used for short-term or flexible arrangements (e.g., kiosks, stalls)

Search
Categories
Read More
NexMates
“Microwave Issues? Don’t Heat Your Head — Call NexMates!”
Your microwave heats everything —but when it stops working, the kitchen slows down.From...
By NexMates 2025-06-28 11:53:54 0 189
NexMates
Pure Water. Pure Peace. – NexMates Water Purifier Services
Clean water isn’t a luxury—it’s a daily need. Whether you're installing a new...
By NexMates 2025-06-27 06:53:12 0 238
PROPIINN
PROP GLANCE A Snapshot of Excellence
Propiinn is more than just a real estate platform; it’s your comprehensive solution for all...
By PROPIINN 2025-04-28 06:21:41 0 854
Loans
Pradhan Mantri Awas Yojana (PMAY) – Exploring Subsidies for Affordable Housing Loans
The Pradhan Mantri Awas Yojana (PMAY) is a flagship government initiative aimed at providing...
By PROP Loans 2025-04-27 05:26:20 0 858
NexMates
“Hob Check-Up — Because Modern Kitchens Need Expert Care”
A sleek hob may look perfect on the surface —but underneath, it could be losing flame...
By NexMates 2025-06-28 11:50:23 0 191
PROPIINN | IINNSIDE https://agent.propiinn.com