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23
May

What is the difference between a lease and a license?

The distinction between a lease and a licence is of considerable importance nowadays as the Landlord and Tenant Act 1954, Part II (as amended) protects business tenancies. This Act only applies to tenancies and does not apply to licences and therefore you may not have the right to renew your tenancy or be due compensation should the Landlord require your property for their own services or redevelopment.

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