renters: Rent vs Lease
- 08/30/16 03:51 PM
Rent vs Lease . . . Have you often wondered what the differences were between Renting and Leasing? In real estate, a Lease is a Contract that gives the Tenant the right to live in a property for a specific fixed period of time after which the terms of the Contract expires. Through a lease, the Landlord and Tenant mutually agree to fixed terms and conditions, such as the amount of rent, rules regarding pets, duration of the agreement (typically 12 months or 24 months), etc. Because a lease is a contractual agreement, both parties are obligated to abide by it for its duration. A … (1 comments)
Rent vs Lease . . . Have you often wondered what the differences were between Renting and Leasing? In real estate, a Lease is a Contract that gives the Tenant the right to live in a property for a specific fixed period of time after which the terms of the Contract expires. Through a lease, the Landlord and Tenant mutually agree to fixed terms and conditions, such as the amount of rent, rules regarding pets, duration of the agreement (typically 12 months or 24 months), etc.
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