What is a License of Real Property

Cite this article as: Jason Mance Gordon, "What is a License of Real Property," in The Business Professor, updated January 8, 2015, last accessed April 1, 2020, https://thebusinessprofessor.com/knowledge-base/what-is-a-license-of-real-property/.
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License to use Real Property
This video explains what is a license to use real property.

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What is a “License” of real or personal property?

A license is a grant of the right to use real or personal property. It is not a true property interest. A license of real property will be limited to a particular holder and it will have a definite (limited) term. Because it allows for use (without possession) of the real property, it is similar to an easement in gross. An easement, however, must be in writing. An oral grant of permission to use real of personal property would be considered a license.

•    Discussion: Do you think a license to use property should be considered a property interest? Why or why not? If so, what type of uses should be considered a property interest?

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