This article is about an agreement for payment for temporary use. For other uses, see Rent (disambiguation).
"Rental" and "Rentals" redirect here. For other uses, see Rental (disambiguation).
"Renter" redirects here. For the Estonian economist and chess player, see Raul Renter.
"Letting" redirects here. For other uses, see Let (disambiguation).
Payment for temporary use; hiring
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Notice of renting availability of a building in Kaohsiung, TaiwanNotice of renting availability at the Villa Freischütz in Meran in 1911
Renting, also known as hiring[1] or letting,[2] 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. To maintain such an agreement, a rental agreement (or lease) is signed to establish the roles and expectations of both the tenant and landlord. There are many different types of leases.[3] The type and terms of a lease are decided by the landlord and agreed upon by the renting tenant.
^"Definition of HIRE". www.merriam-webster.com. Retrieved 2023-05-03.
^"Definition of LET". www.merriam-webster.com. Retrieved 2023-05-03.
^Vimpari, Jussi; Junnila, Seppo (2017). "Valuing retail lease options through time". Journal of Property Investment & Finance. 35 (4): 369–381. doi:10.1108/jpif-05-2016-0036. Retrieved 2023-05-03.
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