Lease vs Rent vs License: Legal Perspective Simplified

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2025-07-03 13:24:12 - Translate -

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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