this post was submitted on 14 Nov 2024
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Real talk, I honestly don't get the point in leasing, or even how it's different from renting. Sounds more like renting with a different name.
Lease has a specific term, generally long. Rent implies short term or indefinite length.
Typically, leasing is long term and renting is short term (contract length I mean)
You're correct. They are the same. Loan may also apply.
However, depending on where you are, there are regional differences in where the terms get used. Locally, you rent an apartment but lease a warehouse (why?). Also, if you rent an apartment and turn over your lease agreement to another person, you are sub-letting the apartment. And "let" also means lease in this context. Err rent. Fuck, I've gone cross-eyed