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Q2.How does the court characterize the difference between a lease and a license? (Choose the best answer)
  A license is a transfer of possession; whereas a lease merely gives one party the right to use property subject to the management and control of the other party.    

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A lease is covered by the statute requiring payment of interest on security deposits, whereas a license is not.

A lease is a transfer of possession; whereas a license merely entitles one party to use property subject to the management and control of the other party.

 

 
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  Last updated: 06/19/07
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