Best answer


Duration

People also ask


  • What is the difference between lease and rent?

  • The Difference Between Lease and Rent. The key difference between lease and rent is their duration. Whereas a lease remains valid for the period of time specified in the agreement, a rental agreement covers a short-term period that is not necessarily stated. For example, you and your long-term partner may sign a lease agreement that lasts one year.

  • What do you mean by a a lease?

  • A lease is a legal agreement that outlines conditions under which a landlord agrees to rent his/her property to a tenant. The agreement guarantees the lessee, also known as the tenant, the use of the property for a specific time and promises lessor, also known as the landlord, regular payment in exchange.

  • What does 渞ent?mean in real estate?

  • Rent itself refers to a regular payment made to a landlord by a tenant leasing some type of property, like a house or apartment. When renting, the landlord has the right to change the terms of the rental agreement as they see fit. Additionally, a standard rental agreement is valid on a month-to-month basis. What Does Lease Mean?

  • What is the difference between a standard rent and a regular rent?

  • Rent itself refers to a regular payment made to a landlord by a tenant leasing some type of property, like a house or apartment. When renting, the landlord has the right to change the terms of the rental agreement as they see fit. Additionally, a standard rental agreement is valid on a month-to-month basis.