What is the definition of a license in property law?

Prepare for the Metro Brokers Exam with flashcards and multiple choice questions. Each question is accompanied by hints and explanations. Get ready for your certification!

In property law, a license is defined as revocable permission granted to use someone else's land. This means that the person holding the license does not have any ownership rights over the land; instead, they have been given temporary authority by the landowner to use the property for a specific purpose. This arrangement highlights the nature of a license as being non-transferable and dependent on the landowner's consent.

Unlike other forms of property rights, such as easements or leases, licenses can be revoked at any time by the landowner, illustrating their temporary nature. This distinction is significant in property law, as it impacts how individuals interact with and utilize land owned by another party.

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