Rental Basics in Brooklyn>Question Details

Shawniqua Br…, Other/Just Looking in Brooklyn, NY

what is the difference between renting and leasing?

Asked by Shawniqua Brown, Brooklyn, NY Sat Jun 20, 2009

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Leases tend to be longer and can be renegotiated once the term is up--rent is just that usually for shorter periods of time although they could be renegotiated as well.

0 votes Thank Flag Link Sun Jun 21, 2009
Hello, many people have this question. When you rent you usually its for a shorter term like month to month and the terms can change each time that rental agreement is renewed. With a lease usually its for a longer period of time and the terms cannot change while the lease is active. Once the lease expires the terms can change if agreed.

I hope this answer helped you.
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0 votes Thank Flag Link Sat Jun 20, 2009
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