Lease vs Rent – Difference and Comparison
What is Lease? A lease is defined as a contractual agreement between two parties, a lessor and a lessee, whereby the lessor has the right to purchase an asset and use it for a period of time in exchange for a regular lease. A tenancy agreement is a contract between a landlord and a tenant that outlines the contract that defines the rental period and other housing-related terms. As it does not […]