DEFINITION of 'Licensee'

An individual who is allowed to enter a piece of property by permission of the owner. For the purpose of this definition, there cannot be any kind of reciprocal profit motive between the licensee and the property owner. Someone who is allowed to hunt on a piece of property would be classified as a licensee.


The simplest definition of licensee is simply someone who has been issued a license. This can be any type of license, including one to sell insurance or securities. But the legal definition is listed above, and property owners are required to inform licensees of any possible dangers on the property.

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    Land plus anything on it, including buildings and natural resources.
  2. Real Property

    Any property that is attached directly to land, as well as the ...
  3. Licensed International Financial ...

    A professional designation provided by the International Research ...
  4. Insurance

    A contract (policy) in which an individual or entity receives ...
  5. Land

    Property or real estate, not including buildings or equipment, ...
  6. Deed

    A legal document that grants the bearer a right or privilege, ...
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  1. How is market value determined in the real estate market?

    Anyone who has ever tried to purchase or sell a home has probably heard a lot about the property's fair market value, or ... Read Full Answer >>
  2. What is the difference between adjusted and regular funds from operations?

    While regular funds from operations measures the cash flow generated by the operations of a real estate investment trust ... Read Full Answer >>
  3. What are examples of typical leasehold improvements?

    Typical leasehold improvements include partitioning a large, open space into smaller, more structured areas such as dressing ... Read Full Answer >>
  4. How much of the global economy is comprised of the real estate sector?

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