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Land law

Lease vs licence

A lease grants exclusive possession of land for a term and is a proprietary interest that can bind third parties; a licence is mere permission to be on land — it is personal and does not confer exclusive possession.

Last reviewed 14 June 2026

AspectLeaseLicence
Exclusive possessionYes — the hallmark of a lease (Street v Mountford)No — the occupier cannot exclude the owner
Nature of the rightProprietary — capable of binding third partiesPersonal — binds only the parties to it
TermA certain duration (fixed or periodic)No requirement of a certain term
Statutory protectionMay attract security of tenure / statutory protectionGenerally little or none

Key cases

  • Street v Mountford [1985] AC 809
  • Antoniades v Villiers [1990] 1 AC 417
  • AG Securities v Vaughan [1990] 1 AC 417

Frequently asked questions

What is the key test for a lease?

Exclusive possession, for a term, at a rent. The label the parties choose is not decisive — the courts look at substance over form (Street v Mountford).

Can a licence bind a buyer of the land?

Generally no. A licence is personal and does not bind third parties, whereas a lease is a proprietary interest that can.

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