Difference between Lease and Rental

What is the difference between Lease and Rental?

Lease as a noun is a contract granting use or occupation of property during a specified period in exchange for a specified rent while Rental as a noun is short term for something that is rented.

Lease

Part of speech: verb

Definition: To operate or live in some property or land through purchasing a long-term contract (or leasehold) from the owner (or freeholder). To gather what harvesters have left behind; to glean.

Part of speech: noun

Definition: A contract granting use or occupation of property during a specified period in exchange for a specified rent The period of such a contract A leasehold

Example sentence: Those who have never had a father can at any rate never know the sweets of losing one. To most men the death of his father is a new lease of life.

Rental

Part of speech: noun

Definition: Short term for something that is rented.The payment made to rent something.

Part of speech: adjective

Definition: Relating to rent.Relating to renting.

We hope you now know whether to use Lease or Rental in your sentence.

Also read

Popular Articles