What is the difference between rent and leasing?

[tyrim88]

Rentage and leasing are mostly use to mean the same thing.But there is a slight difference between the two.In renting the duration of ocupation is very short,it could be in terms of monthly,weekly or for a year.But for a lease usually for a longer period,Industries and big organisation go for this arrangement.

 

[cowantussie]

Rentage and leasing are mostly use to mean the same thing.But there is a slight difference between the two.In renting the duration of ocupation is very short,it could be in terms of monthly,weekly or for a year.But for a lease usually for a longer period,Industries and big organisation go for this arrangement.

Also the general difference between lease and rent is that a lease generally lasts for 12 months while a rentalagreement generally lasts for 30 days. ... That means the landlord can't raise the rent without your written consent or evict you without cause, and you can't stop paying rent or break the leasewithout consequence.

 

[Richard92]

These two terms in real estate business are almost the same but with just some little difference. Mostly, rent is always payment for an apartment for a short period where leasing is on long or medium time basis.

One big difference between rent and lease is rent are normally annually while lease most times can be four to five years.

 

[tyrim88]

The two terms are used in the real estate sector to mean giving out of your property to a needed tennant.For rentage it is a situation whereby a property owner gives out his property for a short period of time either for months or a year.But for lease the period is usually longer,it could be for 3yrs ,5yrs and upwards.

 

[Giannis]

There is not a big defference between the words rent and leasing.Rent is having an apartment in a short term period like 5 months.While leasing is having an apartment in a long term period like 5 years

 

[Kunkun]

They are quite similar it's just the duration that makes them different, rent is usually short term but with leasing it goes for a long time, it's a long form of renting

 

[Setfragil]

Some people used the two words interchangeably to mean the same thing but they do not mean the same thing. Renting is giving out your properties for a short period of time in exchange for money while leasing is giving out your properties in exchange for money in a long period of time.

 

[Setho]

Let me explain it based on my understanding this way. In renting, you are aquring a piece of property to use for a period of time mostly short time while lease is for a long time.

 

[Eodine]

Although rent and leave seem synonymous but rent is usually agreed periodically within a short term and can be paid monthly most times but lease is agreed for a longer term.

 

[tyrim88]

Renting is a short term possession of an apartment such as 6 months and a year while leasing is a long term possession of an apartment such as 5 years. Renting is mostly for residential while leasing is for commercial purpose.

A family freind of ours,just told us about how their property which used to be paid for on yearly basis by the occupier,was changed by a terms of agreement by the dad into a long term leasing arrangement.And this would take some couple of yyears before it would be due for renewal.

Post automatically merged: Jul 19, 2021

Renting is a short term possession of an apartment such as 6 months and a year while leasing is a long term possession of an apartment such as 5 years. Renting is mostly for residential while leasing is for commercial purpose.

A family freind of ours,just told us about how their property which used to be paid for on yearly basis by the occupier,was changed by a terms of agreement by the dad into a long term leasing arrangement.And this would take some couple of yyears before it would be due for renewal.

 

[Lens]

The two terms are the same but the amount and the period of usage differs . For rent, you may pay monthly or annually but when you want to use the property for a long period say 25yrs or more it becomes a lease.

 

[GIFTMICHAEL]

When it comes to leasing it concerns a person given out his or her property to someone with in specific duration of time either in a day, one week or a month. But renting is a temporary occupance of a tenant with written agreement to stay in a given apartment until the end of contract.

 

[Richard92]

The major differences between renting and leasing is one. For renting it is for a shorter period of time. Leasing is for a longer period of time e.g a lease can last for 20years or more. But renting never last that long as compared to leasing.

You're basically slide difference between renting and leasing rent in most times is annually while isn't can be for 25 years most people prefer to lease the property than to rent a property.

 

[Melanie M]

Renting is just paying to stay, paying to drive, (like when you rent a car) but leasing, there are some options with that. Sometimes you can work out a deal over time where your lease payments can be converted to regular house payments. Or car payments. And you go from leasing to owning. Usually this can only be done when the lease agreement is coming to an end. Not always, but sometimes. Depends who you’re dealing with and if they’re willing to work with you. Other times, a lease is just a lease and then it’s over.

 

[Bousine123]

There is basically not a big difference between the two of them. One is long term, while the other is short period. That's how it works.

 

[Yusuf]

These two words are mostly used in the real estate business and in most cases rent comes with taking up a property for a short period of time while leasing comes with taking a property for a long period of time

 

[eenya00]

Renting is a short term possession of an apartment such as 6 months and a year while leasing is a long term possession of an apartment such as 5 years. Renting is mostly for residential while leasing is for commercial purpose.

Exactly in renting, is usually for a very short period of time, while leasing is much more longer than renting. Renting is usually for a maximum duration of 3 years in rare cases, but leasing can be up to 5 years.

 

[eLdavis]

They are actually the same thing, the only major difference between the two is the period of time it takes before you pay again, rent could be two to three months while the other takes longer

 

[Ceeny007]

I've been battling with this for a long time and I've been feeling very lazy to check it out but I've learnt on this thread that rent is to living apartment as lease is to a large space thanks for this thread

 

[Kubiat-Abasi]

Renting and leasing a house is almost synonymous but different. A landlord collects rent on either monthly or yearly basis. For lease, a landlord gets the pay depending on the agreement between the two parties but it's always on a long term basis.