Licence

Generally, a lease exists where the owner agrees to turn over exclusive possession of the property to another for some period of time. A license, on t...

In American English, the noun is spelled the same as the verb—license. But in British English, the noun is spelled licence. All the while, the meaning...

Lease - A lease arises when a landlord grants a tenant a legal right to exclusive possession of premises for a specified period of time in return for ...