Lease Vs leave and license

Q: What is the difference between long term lease and leave and license basis ?

mukund,

17th November 2011

Legal in Bangalore

lease

long term lease

leave and license

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A long-term lease is simply a lease in which the agreement term is ten years or longer. A lease is defined in section 105 of the Transfer of Property Act which transfer the leaseholder the right to enjoy a lease property, made for a certain time expressed. But leave and license basis is different from long term lease or lease agreement. A leave and licence does not create any interest in the premises in favour of the licensee but gives the licensee the mere right to use and occupy the premises for a temporary period.