Judy Rothermel, Broker of Record / Owner EXIT Realty JP Rothermel Blog

There is a very common misconception that renting and leasing are one in the same. These terms are constantly used interchangeably while they shouldn’t be, because they’re not the same thing. Here’s the difference.

The major difference is just the type of agreement whether it is a Rental Agreement or Leasing Agreement.

 

Rental

When it comes to renting a home, the landlord provides an overall outline of how much rent is and around when it should be paid every month. There is also a rounded o...