In the case of a license right, a person may give license to another person the right to use his/her property. However there is no transfer of interest and only permission for a specific purpose is granted on the property. A person having the property license may have the right to use the property based on the terms of the license given by the licensor.
For a freehold right, the owner may have complete right of ownership over his land. He or she can use the property for desired purposes and can also dispose away the property as per his or her wish and there are no restrictions over the use of the property.
For a leasehold right, a person has been granted a property on lease for a specific purpose. The lessee, has every right to use the property for the specific use and can use the property only for the period mentioned in the lease agreement. The lease will be governed by the terms of the lease agreement executed between the lessor and lessee. The lease period will be fixed and the lessee can use the property with the lessor's approval.
An easement right is a right to use another's property, wherein, a right in which owner of a particular land enjoys over an adjacent property, which he does not possess. It is the right over a property belonging to someone else and not to the person claiming easement.
For an adverse possession right, the right of ownership of premises can be changed. In case another person takes possession of the property without compensation in a manner that the owner's position will be altered and the person trespassing will have a right over it for a specific period.
The different categories of property rights can be summarized in the following table: