Leasing or renting? Know the difference & what’s better for your property
As a landlord, you know that different tenants vary in their housing requirements, including their interior design choices.
Now, the terms rent and lease are used interchangeably. However, leasing a property is not the same as renting a home. Of course, the lease rent meaning includes renting accommodation. On the other hand, rental agreements are categorized further into lease contracts and leave & licensed ones. No doubt, the terms and conditions of the lease agreements and leave & licensed ones differ in various aspects.