as for me both are good, renting and leasing are lucrative business because the two has the same purpose, and it depends what the owners want to do with the building, so both of them are profitable.
Renting or leasing, which is the best option for a house owner?
- Thread starter Ralphjoe
- Start date
Yes,they're a bit similar but leasing takes a longer period of time maybe 2 years and above and it's mostly done on properties aside residential buildings like petrol or gas stations,hotels and so on.
Personally, I'll prefer renting because you'll get money more in the same period of time than leasing. It also gives you a higher level of decision making over your property.
Yes, what you say in your post is true, but in my country when they rent a house for a period of 6 months, some lawyers put a landlord (owner) and as "lessee" (user) and in other cases they use "tenant" . I read the differences and if it is about housing it is for rent and business it is for rent.
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Yes you're correct too. The difference is majorly in the duration which leasing is longer and the type of property. Rent is always residential buildings and shops while lease is for facilities. Leasing requires more paperwork due to its complexity. Aside these,both involves handing over your property for a period in exchange for money.
One of the most frequently asked questions by landlords is whether to rent or lease their rental property to tenants. Although, a small fraction of homeowners possess clarity on differences between the two kinds of agreements (rental and lease), a vast majority of landlords are in the dark, with less knowledge on the agreement’s nitty-gritties. Let us delve into understanding the differences between the two kinds with pros and cons of each one of them have for a landlord.
Renting duration is from one month to six month and it is the short term agreement, while leasing is a long term aggrement from six month to one years or more. It depends on the owner, whivh is best for him.
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Renting refers to the short-term arrangement of one party living in, or using, a piece of property owned by another party.Rent itself refers to a regular payment made to a landlord by a tenant leasing some type of property, like a house or apartment while
leasing is the act of outlining an agreement between a lessor and lessee that dictates how long an asset or property will be rented, as well as other housing-related stipulations. As a rule of thumb, a lease agreement covers an extended period of time known as the “term”. With regard to real estate, the term of a lease typically lasts for one year. For me I would prefer renting my building to someone than leasing it.
leasing is the act of outlining an agreement between a lessor and lessee that dictates how long an asset or property will be rented, as well as other housing-related stipulations. As a rule of thumb, a lease agreement covers an extended period of time known as the “term”. With regard to real estate, the term of a lease typically lasts for one year. For me I would prefer renting my building to someone than leasing it.
Lease Nd rent are synonymously related. Little difference separates the two terms. Lease is the agreement of use for a long term while rent is the agreement of use for a short term. Both are very good way to make money from real estate. I’ll prefer rent cause there may be need to evacuate the occupants for my personal use since it’s for a short term usage, it’ll be easily done
Both options are good as long as I'm concerned because the end point is making your money from either your rent or lease clients.
It all depends on the option you are more comfortable with its arrangement, so what works best for you is perfect.
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We can always choose the option from renting and leasing.Renting is where you need to rent your house for monthly so you need to pay monthly payment for the owner who take care their home.Leasing is where you pay for the period of time so you can have the lease for long period without paying monthly but in lease you get the money back to you without any issues
The difference between rent and lease is that a lease generally lasts for 30 days that means the landlord can’t raise the rent without you written consent or evict you without cause, and you can’t stop paying rent or break the lease without consequence
If you're not satisfied with your current home value, renting out the house can provide some income while you wait for your home value to rise. ... When selling a home that is not your primary residence, you must pay capital gains taxes on any profit, which vary from 0% to 20%, depending on your tax bracket
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if you really want a quick and bigger profit, then it's advisable to sell, leasing is more like a salary for the long term if you aren't planning to sell your house, but buying and reselling gives you better profit
The two are almost the same but I would prefer the lease because it has a specified number of years of which you have right over the properties and as a result the purpose of you intend using the properties for has been achieved within the leased years.
Leasing is a better option than rent to a house owner because when you lease a house it is for a long period of time, it can be five to ten years and you do not need to come bank every year to demand money from you tenants. It also allow you to get reasonable amount that you can forther invest but rent is annually, it doesn't give you reasonable amount of money and you keep collecting it every year.
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It depends on the individual, if the business is the only source of income for the owner, then I think renting is the best option
kayode10
Guest
I prefer renting, the reason is because it is consistent and its residual. Renting is the only option for me if it happens that I didn't have much real estate property. Leasing will be another option if I have lots of properties and I need huge fund for an investment. I will choose rent as it easy to access and comes in handy.
in most cases renting is better than leasing because leasing a property requires a large amount of money and once most real estate agent see you involving in leasing they tend to increase the amount initial amount to be paid
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Renting is short-term which is usually being payed monthly and just being extended if the tenant wants to and leasing is for long term renting which gives the full amount of payment and is certain to leave after the period is done?
I prefer renting so you get your money monthly unlike leasing which gives one big amount at once.
I prefer renting so you get your money monthly unlike leasing which gives one big amount at once.
I think both of them are good options,but it depends upon customers and your decision. Not only this but it also depends upon your need of money that either you need it on monthly basis or yearly. For me renting is best option than leasing your house. Because you keep seeing your house monthly basis. And can get back whenever you want to take it.
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