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Property

License

A license is a legal permission granted to engage in an activity that would otherwise be considered unlawful or wrongful. This permission can be given for free, as part of a contract, or in connection with land ownership. The person granting the license is known as the licensor, while the recipient is called the licensee. A gratuitous license can be revoked at any time, but the revocability of a contractual license depends on the terms of the agreement. In contrast, a license coupled with an interest in land is often irrevocable and can even be binding on the licensor's successors.

Related terms

Site Plans

Understand the meaning and definition of Site Plans in the context of stock market, trading, and investments.

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Land assembly

Understand the meaning and definition of Land assembly in the context of stock market, trading, and investments.

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Suspended ceiling

Understand the meaning and definition of Suspended ceiling in the context of stock market, trading, and investments.

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Non conforming use

Understand the meaning and definition of Non conforming use in the context of stock market, trading, and investments.

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Landlord

Understand the meaning and definition of Landlord in the context of stock market, trading, and investments.

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