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Difference Between Lease And Rent
Lease
1. Agreement Between Owner And User That Covers Rent And Control Over Property
2. It Is For Long Period
3. It is Not Renewed
4. Cannot Be Changed
5. It Is More Complex
6. Installments Paid Monthly
Rent
1. Agreement Between Owner And User To Use Asset For Certain Period Of Time
2. It is For Short Period
3. Renewed Automatically
4. Can Be Change/Modified
5. It Is Simple Than Lease
6. Rent can be Paid Monthly, quarterly, or yearly
29 авг 2024
