What Is the Difference between Rent and Lease?

Answer

A lease is usually given for a specific time period such as 6 months to a year during which both the landlord and tenant are bound by the terms of the lease while rent has no defined period of residence and the landlord and tenant can make changes to the rental agreement.
1 Additional Answer
The terms lease and rent are commonly used in real estate finance. The difference between the two is that a rent is a tenancy agreement that lasts for a short period of time (normally 30 days) while a lease is a tenancy agreement that lasts over a long period of time( more than 50) years.
Q&A Related to "What Is the Difference between Rent and Lease"
Leased land may or may not require inclusion on a company's financial statements, particularly the balance sheet. Land under an operating lease does not require inclusion. Land under
http://www.ehow.com/info_8661698_difference-betwee...
Meaning of Leasing vs. Renting. They basically mean the same thing. The difference is the length of time a property is being rented. A lease implies a longer term such as a year.
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Renting is a contract term where you pay money to control a property
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A lease implies a greater formal commitment, is always in writing and is usually for a longer period of time. For example think about a car. You can rent a car for a day, but you
http://answers.yahoo.com/question/index?qid=201002...
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Leasing is the act of borrowing something on a fixed agreement that is over either twenty four or thirty six months, whereas renting is borrowing for a short term ...
Leased land may or may not require inclusion on a company's financial statements, particularly the balance sheet. Land under an operating lease does not require ...
Leased land may or may not require inclusion on a company's financial statements, particularly the balance sheet. Land under an operating lease does not require ...
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