Question

Which of the following statements about renting & owning is CORRECT?

Answer 1

The correct answer is option B.  An owner has complete control and responsibility over the property.   A renter cannot control the property neither can he be held responsible for the damages to the property without his involvement.   Both of them cannot take control over the property because it will lead to disputes in the future.

Answer 2

An owner has complete responsibility & control over the property

Explanation:

• Renting means where the owner of property rents his/her self-owned property for a monthly fixed amount known as rent to another person. The person who leases the property is known as a the owner of the property
• Home-ownership gives intangible benefits such as a "sense of belonging", "stability to a community", & "pride of ownership", along with the tangible ones of tax deductions and equity. Renting offers predictable, flexibility, monthly expenses, & someone to handle repairs.

To know more

Which best describes the benefits of renting a home? ARenting can ...

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