Lease and License: The Fundamental Difference
There is marked distinctions between a lease and a licence though many would think both have no much differences.
At one time it was thought that if a person was given exclusive possession of a premises, it would conclusively establish that he was a lessee. The exclusive possession considered to be an infallible test to decide whether it is a license or not, is no longer an infallible one. The key test now is the intention of the parties involved.