answersLogoWhite

0

Leasing a home involves entering into a contractual agreement where a tenant pays a landlord for the right to occupy and use a residential property for a specified period, typically one year. The lease outlines the terms, including rent amount, duration, and responsibilities for maintenance and utilities. Unlike renting, leasing often implies a longer commitment, providing stability for both parties. At the end of the lease term, the tenant may have the option to renew or choose to vacate the property.

User Avatar

AnswerBot

2mo ago

What else can I help you with?

Related Questions

What kind of agreement comes along with leasing a home?

When leasing a home you may expect to sign a leasing agreement which will allow the owners of the home recourse if you damage the property in any way. It ensures that you keep the place the way you found it.


What does the term NBI for build out mean in Commercial office space leasing?

NBI stands for New Building Installations in Commercial Leasing.


What are the pros and cons of loaning a car?

Do you mean "loaning" or "leasing"?


When would a leasing contract be signed?

A leasing contract would typically be signed when and only when the occupants of the home and the leaser both agree to the terms in the contract set up.


What does leasing a horse mean?

It means that someone is renting a horse for use.


What does aquiler mean in spanish?

alquiler = wages, rental, the act of renting or leasing


In relation to commercial office leasing what does encumbered space mean?

It means clustered, or full.


What is leasing company?

definition of leasing company


How many Equipment Leasing Companies do you know of in your area?

There is only one large Equipment Leasing Company in Toronto. Home Depot offers a variety of equipment leases, including forklifts and other industrial equipment.


What is concept of leasing in Islamic banking?

what is concept of leasing


When was leasing started in India?

No Record of leasing in india ... its a to old deals of leasing may be before british role


What exactly does homes for lease mean?

Leasing a home is similar to renting a home. You will pay rent to the owner with a contract. However with a lease you are often required to rent the place for at least a certain amount of time. If you move out before then, you may be held liable for the remaining months of your lease.