Lease
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A lease is a contractual arrangement calling for the user to pay the owner for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment
A sign in Chicago offering space for lease
License
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A license or licence is an official permission or permit to do, use, or own something.
Lease
…By operation of statute (rare) A lease should be contrasted with a license, which may entitle a person (called a licensee) to use property, but which is subject to termination at the will of the owner of the property (called…
Governments issue driver's licenses to people who are allowed to drive motor vehicles on public roads.