Difference between Rent and Charter

What is the difference between Rent and Charter?

Rent as a noun is a payment made by a tenant at intervals in order to occupy a property. while Charter as a noun is a document issued by some authority, creating a public or private institution, and defining its purposes and privileges

Rent

Part of speech: noun

Definition: A payment made by a tenant at intervals in order to occupy a property. A similar payment for the use of equipment or a service. A profit from possession of a valuable right, as a restricted license to engage in a trade or business. A tear or rip in some surface. A division or schism between two things.

Part of speech: verb

Definition: To occupy premises in exchange for rent. To grant occupation in return for rent. To occupy premises in exchange for rent.

Example sentence: Milos said, You're my first choice. From my point of view, that doesn't pay the rent. I said, Tell me what I have to do next because I'm busy painting my kitchen.

Charter

Part of speech: verb

Definition: to grant or establish a charterto lease or hire something by charter

Part of speech: noun

Definition: a document issued by some authority, creating a public or private institution, and defining its purposes and privilegesa similar document conferring rights and privileges on a person, corporation etca contract for the commercial leasing of a vessel, or space on a vesselthe temporary hiring or leasing of a vehiclea deed

Part of speech: adjective

Definition: leased or hired

We hope you now know whether to use Rent or Charter in your sentence.

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