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Jan 22, 2013· The lease and the license both are different. The word "licence" under Section 523 of the Indian Easement Act, 1882 is a grant by one person to another or to a definite number of persons, a right to do, or continue to do, in or upon the immovable property of the grantor, something which would, in the absence of such right, be unlawful.
Aug 29, 2016· In India, the owner can rent out their property in mainly two ways, either by lease agreement or by the license agreement. In the absence, of any agreement, it is considered as an implied lease agreement. Section 116 of Transfer of property Act, 1882 stipulates the principle of .
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Apr 21, 2013· Lease is an inheritable right, which is available as a right against any person in the world. Licence is not an inheritable right. It is personal and exclusive to the Licensee and on death it automatically stands revoked. Lease creates interest on the leased property in favour of the lessee. In license no such interest is created in the licensee. Lease interest can be assigned. Licence is not .
Mar 05, 2013· Except as hereinafter varied/modified the original lease deed shall continue to have full force and effect. IN WITNESS WHEREOF, the parties hereto, have signed this supplemental deed on the day and year first mentioned above.
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UNDERSTANDING CAR LEASING TERMS. Lease: Car Leasing is an alternative way of acquiring any vehicle other than the Traditional model of Bank Loan or Outright purchase. Operating Lease: Instead of Paying for the whole cost of the Car and building the asset, Operating Car Lease brings the viability of paying only for the usage value of the Car,...