A lease is a transfer of exclusive ownership of a particular property. usually against payment of rent that transfers a discount to the fellow, [whereas] one license, on the other hand, only prescribes authorized actions on the land of another, which otherwise would not lack permission. A license is considered revocable according to the will of the licensor and does not create a discount. In Radich v. Smith [1959] HCA 45 ("Radich case"), a small business owner, Maria Radich, entered into an agreement to operate her milk bar in a locked store in the Mossman area of Sydney. (c) A licence agreement is easier to terminate than a lease agreement. License agreements can be terminated, leases usually not. Licensee: A license cannot be registered and therefore does not confer interest in the country on the licensee. (e) In the case of a rental agreement, if the contract is for a period of less than 12 months, it is not necessary to register it.

However, a rental agreement of 12 months or more must be registered. In many states, a license agreement does not need to be registered. The owners` lawyers neglected or were too careful to suggest the use of license agreements to their clients. However, licensing agreements allow commercial property owners to completely eliminate the owner-tenant relationship, avoiding the burdens that often occur within the legal framework of traditional owner-tenant procedures. The law states that you are a tenant if you have an "exclusive occupation" of a type of area and pay rent regularly. Rent doesn`t have to be money, but it can also include other types of arrangements. Some types of occupancy contracts will never be a rental, e.B.