Q4.Now
assume an agreement that gives one party the right to park in a
parking garage each weekday between 7:00 a.m. and 8:00 p.m. Is this a lease or a license?
(Choose the
best answer)
It
is a license because you can't
have a lease in a parking garage.
.
It
is a license because the agreement does not give a possessory interest
in specific property. No specific property is designated in the
agreement since there is not a specific parking space designated.