MLS/KARIN may, at its sole discretion, rent a key to unlicensed personal assistants under the direct supervision of a real estate agent of the Association® member, under the same conditions as members of REALTOR®, provided that a rental agreement is signed by the applicant and that the company`s designated real estate agent® for which the authorized agent works, signs the “Authorization for the personal assistant to hold the key” form. A lease must be juxtaposed with a licence that may authorize a person (called a licensee) to use property, but which can be terminated according to the will of the owner of the property (called the licensor). An example of a relationship between the licensor and the licensee is a parking lot owner and a person who parks a vehicle in the parking lot. A license can be seen in the form of a ticket to a baseball game or verbal permission to sleep on a couch for a few days. The difference is that if there is a term (end time), a level of confidentiality that indicates the exclusive possession of a clearly defined party, continuous and recurring payments made, a lack of right of termination except in cases of misconduct or non-payment, these factors tend to a lease; In contrast, a single entry into someone else`s property is likely a license. The game-changing difference between a lease and a license is that a lease typically provides for regular payments over its term and a specific end date. If a contract does not have an end date, it may be in the form of a perpetual license and not be a lease. In any state, a court can cancel an unscrupulous lease. A lease is unscrupulous if it favors one party too much over the other. Suppose a small business owner rents a property for 30 years to run a gas station. .
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