Difference Between Leasing and Renting
Movoto
FEBRUARY 23, 2024
Here, we’ll explore the nuances of each to help you understand both kinds of contracts. A lease is a contract between a tenant (lessee) and landlord (lessor) that gives a tenant the right to live in a property for a fixed period of time , typically covering a 6 to 12-month rental period, whilst making consistent payments for the duration.
Let's personalize your content