What is the lease?

What is the lease?

A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset. … Broadly put, a lease agreement is a contract between two parties, the lessor and the lessee.

What is License leave?

A leave and license agreement is an agreement wherein the licensor temporarily allows the licensee to use and occupy licensor's immovable property full or a portion of it, for the purpose of carrying business activity or residential use.