Licensing agreements are often disguised as leases by naming them in this way and using the terms “owner” and “Lessee.” However, as the courts have found, the question of whether the transaction is a lease or a licence depends on the operational intent of the parties. Creating an interest in the property is essential for a transfer as a lease agreement. However, it is not always easy to determine whether a particular case leads to the actual transfer of interest or the granting of a lien to use the property and depends on the terms of the agreement in question. Landlord lawyers have either neglected or been too cautious to propose the use of licensing contracts for their clients. However, licensing agreements allow commercial landlords to completely eliminate the landlord-tenant ratio and thus avoid the burdens that often arise within the legal framework of traditional landlord-tenant procedures. It is also important for tenants to understand their data protection rights as to when a landlord may or may not enter the premises. Knowledge of local and government legal requirements for the amount of notification a landlord must give to a tenant before entering the property will take a big step to prevent a bulky landlord from disrupting a tenant`s privacy. As explained in Friedman On Leases, the difference between a lease agreement and a license is this: the legal relationship between the landowner and a tenant founded by a lease agreement is totally different from the legal relationship established by a license between the owner and a licensee. It is customary for a lease to be renewed on a “holding over” basis, which generally transforms the monthly lease into a periodic lease.
It is also possible that a tenant, explicit or implied, will give the lease to the landlord. This process is called the “surrender” of the lease. Subletting can also be considered another type of car rental for vehicles. In the context of a vehicle sublease, a car taker or owner may give a lease to a third party and contract on certain dates. Although this arrangement is not popular, it is a growing trend in the travel industry as a cheaper alternative for travelers and locals. The first and most important measure for a tenant is to read the lease in depth before signing and understand all the details and clauses in it.