Renting or leasing, which is the best option for a house owner?

[Lyrrex]

As far as I know and in this way it is used in my country, rent and leasing are synonymous. Therefore, they have the same purpose, which is to give a property for a certain time in exchange for an economic benefit. The landlord and the tenant sign a contract that can be for a short period or for years, depending on the agreement.

 

[Rimsha kanwal]

For a house owner that wants to be collecting some money on their property without selling it, there are two options for him, which are renting it out and collecting a rent on monthly or yearly payment basis.
The second option is leasing out the property which is giving out the property for some period of time like 5,6 or more years depending on the agreement entered between the owner of the property and the person that wants to lease it.
These two options are great way to earn money on a property but which is the option for a house owner?

Owning a home is a financial commitment that requires you to plan ahead and reflect on where your life is headed. Before deciding whether to rent or buy, ask yourself what your budget is and if either choice would require you to stretch your finances. Write out your additional financial and savings goals to see how each choice might affect them. Make sure you still have enough money to save for retirement, for example. Compare some specifics to see which is a better fit.

 

[iamgroot]

For a house owner that wants to be collecting some money on their property without selling it, there are two options for him, which are renting it out and collecting a rent on monthly or yearly payment basis.
The second option is leasing out the property which is giving out the property for some period of time like 5,6 or more years depending on the agreement entered between the owner of the property and the person that wants to lease it.
These two options are great way to earn money on a property but which is the option for a house owner?

Are they not the same? I think they are. But i think leasing a property is a long time version of renting. It depends, if you are lucky to have a stable client, i suggest to lease your property.

Post automatically merged: Jan 26, 2021

For a house owner that wants to be collecting some money on their property without selling it, there are two options for him, which are renting it out and collecting a rent on monthly or yearly payment basis.
The second option is leasing out the property which is giving out the property for some period of time like 5,6 or more years depending on the agreement entered between the owner of the property and the person that wants to lease it.
These two options are great way to earn money on a property but which is the option for a house owner?

Are they not the same? I think they are. But i think leasing a property is a long time version of renting. It depends, if you are lucky to have a stable client, i suggest to lease your property.

 

[Youngdee]

First and foremost we need to clarify the difference between Lease in Rent as they may be used in different parts of the world. A lease is a contract for a specific period of time often for a long period of time like 6-12 months after which the contract expires, while rent is the payment made under the terms of the lease. In some part the two term might be synonymous while in other part it’s used differently. For a Landlord Rent is better because the landlord still have a right over his property at any given time unlike lease where the property doesn’t belong to the landlord anymore for the time leased out.

 

[Sariana23]

In my country rent is to renewed annually, while lease is renting out the property for about 3 to 4 years. I prefer leasing as most times it's corporate organisations like Banks and Organization that use your property and you're paid a large sum of money

Of course, if you rent to corporate organizations they increase profits, now in the thread they talk about renting or leasing "a house" I suppose it is to live, because if it is for a corporate organization you have to equip it for that purpose and with the appropriate divisions, unless the owner allows the reform of the house.

 

[Adegbindin Abdullahi]

Lease generally lasts for 12 months while a rental agreement generally lasts for 30days, that means that the landlord can't raise the rent without your written consent or evict you without cause, and you can stop paying rent or break the lease without consequence

 

[Donolatunji]

Leasing: You pay less straightforward. ... Claiming: Most home loans require an up front installment, and you by and large improve terms with more cash down. You may likewise have to pay shutting costs. You can typically redo or refresh your home with remodels (some of which may support your home's estimation).

One of the significant advantages of leasing as opposed to possessing is that tenants don't need to cover local charges. Land assessments can be a weighty weight for mortgage holders and fluctuate by region—in certain regions the expenses can be a great many dollars yearly.

 

[Ebensco]

Leasing is a long term lease but it is usually for commercial spaces where tenants would lease a store space for 1 year or more. With houses it is usually a monthly rental although there is also a rent contract of at least 6 months. When we were renting a house our first contract was for 1 year and the renewal was also for one year. The renewal usually involves and increase in rent. With the long term lease it is immune to increase but the lease is paid in advance. If the lease is 2 years then the tenant has to pay 2 years of rent before moving in.

 

[Senator]

For a house owner that wants to be collecting some money on their property without selling it, there are two options for him, which are renting it out and collecting a rent on monthly or yearly payment basis.
The second option is leasing out the property which is giving out the property for some period of time like 5,6 or more years depending on the agreement entered between the owner of the property and the person that wants to lease it.
These two options are great way to earn money on a property but which is the option for a house owner?

As a house owner, renting or leasing your house are all profitable venture. When you have options of more than one house, you can decide to lease, because to lease can generate more money instantly to enable embank on other projects, but its a long term investment. A situation were you have one house, its advisable you rent, its more profitable and short term.

 

[Briangsam]

Both renting and leasing properties can be lucrative as with renting, you will collect the money monthly or yearly as the case may be while leasing is for a particular number of years. Both depend on the profit off the property.

 

[Neeta313]

It's better to rent the house. At least you can easily decide to sell it at any point in time, but with leasing, what if you get someone that wants to buy at a very good price and you are ready to sell buy you already have an agreement with someone and their time has not expired, what will you do and that may probably be a one-time opportunity.

 

[Jimmie150]

For a house owner I feel renting is more profitable considering the huge amount of money the property owner might have invested into that place. Leasing is not bad as well but most property owners are not really that patient to wait that long to get returns.

 

[Victor001]

For a house owner that wants to be collecting some money on their property without selling it, there are two options for him, which are renting it out and collecting a rent on monthly or yearly payment basis.
The second option is leasing out the property which is giving out the property for some period of time like 5,6 or more years depending on the agreement entered between the owner of the property and the person that wants to lease it.
These two options are great way to earn money on a property but which is the option for a house owner?

In my own opinion renting and leasing are still valuable to the owner,but personally I will go for renting especially at my retirement age, at least to place myself on monthly or annual income.

 

[Muradkhan]

You pay less up front. While many landlords ask for first and last month's rent, as well as a security deposit, this is still less than what you'd likely pay for a down payment. ... Owning: Most mortgages require a down payment, and you generally get better terms with more money down.

 

[Mawome]

Bro leasing is just the best if am to surgest for you, becouse you can leave a particular land today let's say within the period of six to seven years, if it's a landed property and the land in urban areas, I will definitely make enough money from the site

Post automatically merged: Mar 7, 2021

Bro leasing is just the best if am to surgest for you, becouse you can leave a particular land today let's say within the period of six to seven years, if it's a landed property and the land in urban areas, I will definitely make enough money from the site

 

[Grant]

I believe renting is the better option, as if they are disruptive, I believe it's a lot easier to get a tenant out on a rental contract than a lease contract. But I could be wrong in regards to that.

 

[zahidhussain]

I think both are profitable for the houseowner if he give the house at rent it is very good and every year 10 percent increases to her house if he give the house at leasing he also get good money from leasing and suitable

 

[mubinadaddy]

Renting and leasing is almost or synonymous. In the country where I reside renting pays the bill that leasing out your property. Renting will be paying you either monthly or yearly while leasing will only be paying you once in 5-10 years depending on the contract of the agreement.

 

[Sariana23]

In my own opinion renting and leasing are still valuable to the owner,but personally I will go for renting especially at my retirement age, at least to place myself on monthly or annual income.

A very good option @Victor001 , more so when you are in those retirement years, where money is a priority to support yourself when you no longer have a job and can no longer support yourself. Having a monthly rent accrued gives peace of mind and economic security.

 

[FreshKaz11]

For a house owner that wants to be collecting some money on their property without selling it, there are two options for him, which are renting it out and collecting a rent on monthly or yearly payment basis.
The second option is leasing out the property which is giving out the property for some period of time like 5,6 or more years depending on the agreement entered between the owner of the property and the person that wants to lease it.
These two options are great way to earn money on a property but which is the option for a house owner?

I guess I prefer the leasing out of my property, because the company am leasing my property to will definitely take care of my property till the due date. So as for renting property out,I don't think that will be thee best, because people renting a property tend to damage some of the property before they left and it won't be taking care of I guess.