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one of the major differences between lease and lic
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.
AP LAWCET - 2024
AP LAWCET
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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