{"id":1917,"date":"2021-06-11T16:58:12","date_gmt":"2021-06-11T16:58:12","guid":{"rendered":"https:\/\/www.propertypistol.com\/blog\/?p=1917"},"modified":"2021-06-11T16:58:16","modified_gmt":"2021-06-11T16:58:16","slug":"lease-vs-rent-which-one-to-choose","status":"publish","type":"post","link":"https:\/\/www.propertypistol.com\/blog\/lease-vs-rent-which-one-to-choose\/","title":{"rendered":"Lease vs Rent &#8211; Which one to choose?"},"content":{"rendered":"\n<p><em>Although both the terms &#8211; rent and <\/em><strong><em>lease<\/em><\/strong><em> are used interchangeably by a lot of renters, liaising a property does not equate to renting a home. <\/em><\/p>\n\n\n\n<!--more-->\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" width=\"259\" height=\"194\" src=\"https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2021\/04\/For-Rent.jpg\" alt=\"Rent or lease? what is the difference between the two.\" class=\"wp-image-1680\"\/><\/figure><\/div>\n\n\n\n<p>There are many legal ways in which one can get a <strong><a href=\"https:\/\/propertypistol.com\/rent\">rental property<\/a><\/strong>, depending on how the rent agreement is registered and drafted. A <strong>lease<\/strong> is one of the few ways to rent a <strong><a href=\"https:\/\/propertypistol.com\/\">real estate<\/a><\/strong> property. <\/p>\n\n\n\n<p>A rent agreement will be treated according to\nnature &#8211;<strong> lease<\/strong> or a license. This\nrent agreement is particularly based on the renting period and the terms and\nconditions that are mentioned in the agreement. This is mainly because both\nthese agreements are governed under various laws and hence, have different\ncharacteristics.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_69 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.propertypistol.com\/blog\/lease-vs-rent-which-one-to-choose\/#What_is_the_difference_between_lease_and_rent\" title=\"What is\nthe difference between lease and rent?\">What is\nthe difference between lease and rent?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.propertypistol.com\/blog\/lease-vs-rent-which-one-to-choose\/#Key_takeaway\" title=\"Key takeaway\">Key takeaway<\/a><\/li><\/ul><\/nav><\/div>\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_difference_between_lease_and_rent\"><\/span><strong>What is\nthe difference between lease and rent?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>Rent means the regular tenancy period which\nexpires at every month-end and gets renewed automatically. The duration of rent\nis usually a month or whatever is mentioned by the landlord in the <strong>rental property<\/strong> agreement.<\/p>\n\n\n\n<p>On the other hand, a <strong><a href=\"https:\/\/www.propertypistol.com\/blog\/freehold-or-leasehold-property-the-difference-you-should-know\/\">lease<\/a><\/strong> means conveying <strong>real estate <\/strong>property or land to another person for a period of time or a specified term. Once the lessee agrees to make periodic payments that are suitable to the landlord (which is usually 6 months or more), he\/she need not worry about the <strong>lease<\/strong> being changed unless it needs to be renewed.<\/p>\n\n\n\n<p>A lot of people who own <strong><a href=\"https:\/\/propertypistol.com\/mumbai\/rent\/flats-for-rent-in-andheri-west\">properties in Mumbai<\/a><\/strong> prefer leasing out their premises over renting. This is because a <strong>lease<\/strong> encounters fewer price fluctuations as compared to rent. In a <strong>lease<\/strong> agreement, the lessee can\u2019t leave the premises without completing the <strong>lease<\/strong> term unless it is stated otherwise. <\/p>\n\n\n\n<p>Leasing is more common for a <strong>commercial property <\/strong>due to the value\ninvolved in transactions like these that require proper legal protection for\nboth the tenant and the landlord.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_takeaway\"><\/span><strong>Key takeaway<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>A rent agreement can either be a license or a <strong>lease<\/strong>. The landlord has to transfer the\nright of a property to the tenants for them to make use of it. Leasing is\ncommonly used for any <strong>commercial\nproperty. <\/strong><\/p>\n\n\n\n<p>To avoid the legal complexities that come with the signing of a <strong>lease<\/strong>, rent agreements are usually preferred in the residential segment in India. These rent agreements are typically signed for 11 months. This is because rent agreements that have a duration of less than a year do not require any registration. However, in the commercial segment, the <strong>lease <\/strong>is chosen as it has a longer period of span.<\/p>\n\n\n\n<p style=\"font-size:12px\"><em>D<\/em><strong><em>isclaimer:&nbsp;<\/em><\/strong><em>The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information<\/em>.\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Although both the terms &#8211; rent and lease are used interchangeably by a lot of renters, liaising a property does not equate to renting a home.<\/p>\n","protected":false},"author":2,"featured_media":1925,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[25],"tags":[49],"class_list":["post-1917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home-decor","tag-know-your-real-estate","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lease Vs Rent: What&#039;s the difference and which one to choose?<\/title>\n<meta name=\"description\" content=\"Lease Vs Rent: What&#039;s the difference and what&#039;s best for you? 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