Question:

One of the major differences between lease and license is that lease is ____ while license is ____

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Understanding the distinction between lease and license is crucial in property law, especially regarding assignability and transferability.
Updated On: Apr 16, 2025
  • Heritable; not heritable
  • Not heritable; heritable
  • Not assignable; assignable
  • Revocable; non-revocable
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The Correct Option is A

Solution and Explanation

A lease is a heritable interest, meaning it can be passed down or transferred to heirs. In contrast, a license is a personal right to use property and is not heritable or transferable.
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