Lease vs Rent vs License: Legal Perspective Simplified
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...
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