What Is The Difference Between A Lease And Renting A House?
My fiance and I are looking at houses (either to buy, rent or lease) but we aren’t sure of the difference between renting and leasing a home.
Tags: Between, Difference, House, Lease, Renting, What
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on Saturday, September 12th, 2009 at 2:51 am and is filed under Lease Agreement, Q & A.
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The two terms can be used interchangeably. A lease just means you will rent it for a specified amount of time, usually 6 months or 1 year but it can vary. Even if the house says “for rent” there is probably a lease involved.
Renting and leasing are the same thing.