It has been suggested that Leasing be merged into this article or section. (Discuss)

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Renting is an agreement where a payment is made for the temporary use of a good or property owned by another person or company. The owner of the property may be referred to as the lessor and the party paying to use the property as the lessee or renter. There is typically an implied, explicit, or written rental agreement or contract involved to specify the terms of the rental. Examples include: Image File history File links Mergefrom. ... This article is about a property agreement in private law. ... Image File history File links Question_book-3. ... Rent can refer to: Renting, a system of payment for the temporary use of something owned by someone else. ... This article does not cite any references or sources. ... This article or section does not cite any references or sources. ... A rental agreement is a contract, usually written, between the owner of a property and a renter who desires to have temporary possession of the property. ... A contract is a legally binding exchange of promises or agreement between parties that the law will enforce. ...

• Renting real estate for the purpose of Housing tenure (where the lessee rents a residence to live in), parking a vehicle(s), storage, business, agricultural, institutional, or government use, or other reasons. When renting real estate, the person(s) or party who lives in or occupies the real estate is often called a tenant, paying rent to the owner of the property, often called a landlord. The real estate rented may be all or part of almost any real estate, such as an apartment, house, building, business office(s) or suite, land, farm, or merely an inside or outside space to park a vehicle, or store things. The rental agreement for real estate is often called a lease.
• The renting of motion pictures on VHS or DVD, of audio CDs, of computer programs on CD-ROM.
• Renting transport equipment, such as an automobile, boat, or a bicycle.
• Renting somewhat specialized tools, such as a chainsaw, laptop, IT Equipment or something more substantial, such as a forklift.
• Renting a beach chair and umbrella.

In various degrees, renting can involve buying services for various amounts of time, such as staying in a hotel, using a computer in an Internet cafe, or riding in a taxicab (some forms of English use the term "hiring" for this activity). Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. ... Housing tenure refers to the financial arrangements under which someone has the right to live in a house or apartment. ... For other uses, see Parking (disambiguation). ... A tenant (from the Latin tenere, to hold), in legal contexts, holds real property by some form of title from a landlord. ... A landlord, is the owner of a house, apartment, condominium, or real estate which is rented or leased to an individual or business, who is called the tenant. ... This article is about the structure. ... House at Cúcuta, Colombia A house is a building typically lived in by one or more people. ... Old Executive Office Building, Washington D.C. Bank of China Tower, Hong Kong, China In architecture, construction, engineering and real estate development the word building may refer to one of the following: Any man-made structure used or intended for supporting or sheltering any use or continuous occupancy, or An... For other uses see film (disambiguation) Film refers to the celluliod media on which movies are printed Film — also called movies, the cinema, the silver screen, moving pictures, photoplays, picture shows, flicks, or motion pictures, — is a field that encompasses motion pictures as an art form or as part of... Bottom view of VHS cassette with magnetic tape exposed Top view of VHS cassette with front casing removed The Video Home System, better known by its abbreviation VHS, is a recording and playing standard. ... DVD (also known as Digital Versatile Disc or Digital Video Disc) is a popular optical disc storage media format. ... CD redirects here. ... A computer program is a collection of instructions that describe a task, or set of tasks, to be carried out by a computer. ... The CD-ROM (an abbreviation for Compact Disc Read-Only Memory (ROM)) is a non-volatile optical data storage medium using the same physical format as audio compact discs, readable by a computer with a CD-ROM drive. ... Car redirects here. ... For other uses, see Boat (disambiguation). ... For other uses, see Bicycle (disambiguation). ... For other uses, see Tool (disambiguation). ... For other uses, see Chainsaw (disambiguation). ... US airman operates forklift at a truck A forklift is a powered industrial truck used to hoist and transport materials by means of steel forks inserted under the load. ... For other uses, see Hotel (disambiguation). ... This article is about the machine. ... It has been suggested that PC bang be merged into this article or section. ... For specific countries see Taxicabs around the world. ...

Reasons for renting

Rather than buying, include:

• In many locales (including India, Spain, Australia, and the United States) rent used in a trade or business is tax deductible. Rent on a dwelling is not tax deductible.
• Financial inadequacy, such as renting a house when one is unable to buy it. One may not wish to pay the full price that ownership would need, allows for smaller payments over a specified period of time.
• Reducing financial risk due to depreciation and transaction costs, especially for real estate which might be needed only for a short amount of time
• A product is needed only temporarily, as in the case of a special tool or a truck.
• Need for a certain product may or may not be already owned but not in proximity for use, such as renting an automobile or bicycle when away on a trip.
• Needing a cheaper alternative to buying, such as renting a movie: a person is unwilling to pay the full price for a movie, so they rent it for a lesser price, but give up the chance to view it again later.
• The renter may want to leave the burden of upkeep of the property to the owner or his agents. Such upkeep may include mowing the lawn, shoveling snow, and other maintenance.
• There is no need to worry about lifespan and maintenance.
• Renting keeps off-balance-sheet the debt that would burden the balance sheet of a company in case the property would have been bought.

Some merchants have rent-to-own (also called lease-purchase) programs, usually for expensive items such as houses or appliances. It has been suggested that Commerce be merged into this article or section. ... A tax deduction or a tax-deductible expense, is an item which is subtracted from gross income in order to arrive at the taxable income. ... A dwelling is a structure in which humans or other animals live. ... House at Cúcuta, Colombia A house is a building typically lived in by one or more people. ... Declining-balance depreciation of a $50,000 asset with $6,500 salvage value over 20 years. ... In economics and related disciplines, a transaction cost is a cost incurred in making an economic exchange. ... For other uses, see Tool (disambiguation). ... For other uses, see Truck (disambiguation). ... Look up burden in Wiktionary, the free dictionary. ... The bouncing bomb was a kind of bomb designed by Barnes Wallis of Vickers-Armstrong at Brooklands, Surrey. ... Longevity is a term that generally refers to long life or great duration of life.[1] Reflections on longevity have usually gone beyond acknowledging the basic shortness of human life and have included thinking about methods to extend life. ... Maintenance, Repair and Operations or Maintenance, Repair and Overhaul (MRO), is fixing any sort of mechanical or electrical device should it get out of order or broken (repair) as well as performing the routine actions which keep the device in working order (maintenance) or prevent trouble from arising (preventive maintenance). ... Off balance sheet usually means an asset or debt or financing activity not on the companys balance sheet. ... This article needs additional references or sources for verification. ... A merchant making up the account by Shiatsus Hokusai Merchants function as professionals who deal with trade, dealing in commodities that they do not produce themselves, in order to produce profit. ...

As seen from the examples, some rented goods are used on the spot, but usually they are taken along; to help guarantee that they are brought back, one or more of the following applies: This article needs to be wikified. ...

• one shows an identity document
• one signs a contract; any damage already present when renting may be noted down to avoid that the renter is blamed for it when the good is returned
• one pays a deposit (also used for paying for small damage)

Sometimes the risk that the good is kept is reduced by it being a special model or having signs on it than can not easily be removed, making it obvious that it is owned by the rental company; this is especially effective for goods used in public places, but even when used at home it may help due to social control. German identity card with a KINEGRAM® A piece of identification (ID) is a document designed to verify aspects of a persons identity. ... A contract is a legally binding exchange of promises or agreement between parties that the law will enforce. ...

Persons and businesses that regularly rent goods from a particular company generally have an account with that company, which reduces the administrative procedure (transaction costs) on each occasion. In economics and related disciplines, a transaction cost is a cost incurred in making an economic exchange. ...

Signing out books from a library could be considered renting when there is a fee per book. However the term lending is more common. For other uses, see Book (disambiguation). ... Julio Pérez Ferrero Library - Cúcuta, Colombia A modern-style library in Chambéry A library is a collection of information, sources, resources, and services: it is organized for use and maintained by a public body, an institution, or a private individual. ...

See also

Look up Rent in
Wiktionary, the free dictionary.

• Bid rent theory
• Leasing
• Online DVD rental
• Rental agreement
• Rental car
• Rental shop
• Vacation rental
• Anti-Rent War
• Rent Home or House