Question

what is the difference between lease and rent?

Answer 1

When you rent out a property, you will need to decide if you wish to offer your tenants a lease or a rental agreement. Although these terms are often used interchangeably, they are not the same. A lease has a set term, such as six months or a year, during which the tenant agrees to rent the property.

Answer 2

Lease -- : A contract by which one party conveys land , property, services etc... to another for specified time , usually in return for periodic payment.


Rent ---:A tenant regular payment to a landlord for the use of property