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Q5.Now assume that a specific parking space is assigned and that the garage owner retains no right to reassign parking spaces during the term of the agreement.  Is this a lease or a license? (Choose the best answer)
  This is a lease because the agreement does give an interest in specific property.    

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This still somehow seems like a license even though the agreement does give  the parker an interest in specific property.

This is a license because the garage owner maintains control over the garage.  The parker is only permitted to park in the space on week days.

 

 
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  Last updated: 06/19/07
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