answersLogoWhite
Auto Loans and Financing
Co-signing
Business Law
Pronouns

Is a loan the same thing as rent?


Top Answer
User Avatar
Wiki User
2007-07-28 04:03:32
2007-07-28 04:03:32

Of course not. A loan is not a payment, but rather an entrusting of another person with your property (or money), expecting it to be returned. Rent is simply a payment in exchange for possession of something for some defined period, and it will not be returned. Similarly, a security deposit for renting property is not a loan and is not rent: it remains the property of the tenant, but is held by the landlord until the tenancy is discharged.

Related Questions

User Avatar

Buying an apartment complex is one thing; charging rent is another. No one can force a landlord to allocate any rent received to go toward the loan payment for the complex owner.

User Avatar

If you mean for the same judgment, YES. Two judgments for the same defaulted loan, NO.

User Avatar

There is absolutely no difference between the two phrases; they both mean the same thing.

User Avatar

The best type of loan would be an investment property loan.


Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.