What is the correct description of a license in real property terms?

Study for the BICSI OSP Design Test. Prepare using multiple choice questions, with hints and explanations to enhance understanding. Succeed in your exam journey!

Multiple Choice

What is the correct description of a license in real property terms?

Explanation:
A license describes a temporary permission to use land without granting ownership or exclusive possession. It is usually revocable and personal to the licensee, meaning the owner can withdraw the permission and it ends once the stated purpose is fulfilled. It does not create an estate in land and, unless explicitly stated, does not run with the land or transfer with ownership. The other options describe ownership interests or a security interest (like a mortgage lien), not just permission to use.

A license describes a temporary permission to use land without granting ownership or exclusive possession. It is usually revocable and personal to the licensee, meaning the owner can withdraw the permission and it ends once the stated purpose is fulfilled. It does not create an estate in land and, unless explicitly stated, does not run with the land or transfer with ownership. The other options describe ownership interests or a security interest (like a mortgage lien), not just permission to use.

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