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Renting

Renting Definition

Renting is an agreement where a payment is made for the temporary use of a good owned by another person or company. Examples:

  • Housing tenure, where the person who lives in the house is a tenant, paying rent to the landlord, who owns the property.
  • The renting of motion pictures on VHS or DVD, of audio CD's, of computer programs on CD-ROM.
  • Renting transportation equipment, such as an automobile, boat or bike.
  • Renting somewhat specialized tools, such as a floor buffer, or something bigger, such as a cherry picker.
  • Renting a beach chair.

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Real Estate







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