Q:

What is the difference between leasing a house and renting a house

Answer

Rental agreements are month-to-month, and there is no set period of residence. A lease has a finite term, such as a year.

Categorized In: Real Estate

Source: What Is the Difference Between a Rental Agreement and a Lease? | Real Estate Real Estate Contracts from AllBusiness.com | www.allbusiness.com

Description: Standard rental agreements are month-to-month, and there is no set period of residence.

Oct 21, 08:43pm

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More ChaCha Answers (1)

When you lease a home after your lease is up you are still given the option to purchase the home. Renters don't get this option.

May 19 2009, 10:08pm | Source: Lease Purchase Contract - How To Do a Lease with Option to Purchase Contract | www.lease2purchase.com
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