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A lease is just a fancy way of saying 'renting'. That said, many leases are done by way of a contract. Many leases, for example are term leases where you must pay the lessor (e.g. landlord, housing company, etc) monthly for a period of time such as 2 years or you will suffer a financial penalty, and others give the tenant the opportunity to make payments on and eventually purchase the house/'thing thats being leased/rented'. Since most leases involve signing a contract than read it and make sure you find the terms agreeable.

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11y ago

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Related Questions

What is the difference between lease and sublease?

A lease is were you are renting of the owner itself, a sub lease is were you would be renting a part of what somebody else already has.


Can you break a lease due to scorpions?

The House we are renting has scorpions all over it. what to do about breaking the lease


Break lease when buying house in Virginia?

Can you break a lease when renting within 24 hours in virginia


Should you rent to lease if you are on a very tight budget?

Well if your on a very tight budget I would lease, as it can be somewhat cheaper in the long run then renting. If your looking for a short term this go for renting.


Renting How long after signing a lease do you have to get out of it?

Depends on where you live. In Los Angeles there is none. Once you sign the lease you are bound to the terms.


Is it cheaper to lease a car rather than buy a car?

No. Leasing is for suckers. A lease is no more than renting a vehicle with nothing to show for it at the end. Stay away from a lease. Buy what you can afford, and forget the lease.


When renting and house is sold how long do you have to move out?

If you have a lease until the end of the lease. otherwise a couple of weeks depending on the agreement that you made with the agent or owner.


Difference between operating lease and finance leasing?

An operating lease does not transfer the risks and rewards to you (lessee) at the end of the lease period where a finance lease does. So in affect the operating lease can be thought of as renting the asset while a finance lease can be seen as a finance option to own the asset.


What does office space for lease mean?

Having an office space for lease means that you have a building open to rent out to people looking to start a business. These areas can not be used as a residential home. Office space for lease means renting a commercial space in a local office building in town. This building will be use as office space for business.


What should I look for in a lease contract?

Lease contract information greatly depends on the state you are renting the property in, as each state has different renter's rights. However, you can find general information here: en.wikipedia.org/wiki/Lease


Is it the landlords job to mow the lawn and remove snow?

Not necessarily: it depends on the terms of the lease and what type of dwelling you are renting.


Can you change your mind about renting an apartment after you signed a lease but have not moved in yet?

If u pay first and last but didn't sign a lease or didn't move in can u get full payment back

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