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What is the difference between renting and leasing?

  1. BlissfulWriter profile image72
    BlissfulWriterposted 4 years ago

    What is the difference between renting and leasing?

    Why some say "for rent" and others say "for lease"?  Aren't they the same?  Or is there a technical difference in definition?

  2. profile image51
    Sabrien Giboneyposted 4 years ago

    A lease is usually given for a specific time period such as 6 months to a year during which both the landlord and tenant are bound by the terms of the lease while rent has no defined period of residence and the landlord and tenant can make changes to the rental agreement.

  3. Borsia profile image46
    Borsiaposted 4 years ago

    A lease is usually a long term contract as opposed to a monthly contract. The prices are usually better but you are locked in to the full term of the lease with charges incurred if you want out.
    Lease contract are far more complicated than rental agreements and you need to be far more careful what you are signing up for.

  4. BenRam profile image56
    BenRamposted 4 years ago

    When you lease, there is a particular time frame that you need to stick with. Owning your own house is more advisable. Al least, you can decorate or renovate it with any style that you want. You may put custom granite steps in Tampa, fl. http://www.stmgranite.com/services.html

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