Question

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

• A. Heritable; not heritable
• B. Not heritable; heritable
• C. Not assignable; assignable
• D. Revocable; non-revocable

Hint:

Understanding the distinction between lease and license is crucial in property law, especially regarding assignability and transferability.

Answer 1

The Correct Option is A

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.