Renting
Renting, also known as hiring or letting, is an agreement where a payment is made for the use of a good, service or property owned by another over a fixed period of time. Typically a written agreement is signed to establish the roles and expectations of both the tenant and landlord. There are many different types; a rental agreement tends to refer to short-term rental, whereas lease refers to longer-term rental, also known as leasing.
Read Full WikiDEFINITIONS
- nounSomething that is rented.
- nounThe payment made to rent something.
- adjectiveRelating to rent.
- adjectiveRelating to renting.
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