We have partnered with TradePub to bring you free industry magazines and resources - no coupons or credit cards required!

Visit: englishforums.tradepub.com


1 2 3 4
Share this topic:
This question is Not Answered
Latest post Mon, Oct 12 2009 7:56 AM by Anonymous. 27 replies.
Suggest an answer | | |
sheerinshaikh  +  5413 Sat, 23 Aug 03 07:47 PM
pl. tell me the meaning of lease in the below sentence

I HAVE GIVEN THE HOUSE ON LEASE.

& difference between lease & rent.

pl. reply asap.

thanks.
Joined on Sat, Aug 23 2003
New Member 29
kitkattail  +  5414 Sat, 23 Aug 03 08:04 PM
As far as I know, they're basically synonymous. There may be subtle differences that a realtor could tell you about... but usually they mean around the same thing. Or so I've always thought. I could be wrong.
Joined on Tue, Aug 12 2003
Toronto
Full Member 400
www.kitkattail.blogspot.com
moijelesuis  +  6083 Wed, 27 Aug 03 08:13 PM
I agree with kitkat... the differences are legal, more than grammatical. lease often is longer-term, but not always.
Joined on Sat, Aug 16 2003
usa/canada
Full Member 116
Guest, 5 yr 308 days ago
Went to www.nolo.com, the biggest difference is the period of the occupancy and therefore the stability of the arrangement, i.e. that renting is month to month so lessor and lessee have a fairly low commitment to one another. Compare to a lease which is for a defined period.
sohj  +  19944 Wed, 21 Jan 04 03:53 PM
Depending on where you are, there could be subtle but important legal differences. It sounds like a British English sentence. Are you in the UK?

I suggest you confirm the meaning with an independent estate agent.
Joined on Tue, Dec 9 2003
NYC
New Member 31
John C.  +  19964 Thu, 22 Jan 04 02:52 AM
Oh no! Guest is right. Lease is a fixed term at a fixed price. Rent is until cancelled by either party.

They are most definitely not synonyms.
Joined on Thu, Jun 5 2003
The Peoples Democratic Republic of Spam
Full Member 178
Anonymous, 3 yr 323 days ago

   For me, rent and lease are just the same but the only distinction, rent is usually use in our daily language rather than using the word lease but in business: bussinessmen used it, in other words LEASE is a business term. Moreover, when you  account the lease payments you just simply debit rent as an expense. Therefore lease and rent are definitely the same but it still depend on the people how to apply the two words.

Anonymous, 3 yr 323 days ago

Lease is define as a process by which the lessee can obtain the use of certain fixed asset for which it must make a series of contractual and periodic lease payments. In other words, the owner of the asset which is the lessor grants the exclusive right to use the asset to the lessee. While rent has been define as "to grant temporary occupancy for regular payments". If you are going to analyze both definition stated above, you will find out that they are totally the same.    

Katarina  +  179466 Thu, 05 Jan 06 08:54 PM
That's interesting! I've always thought that the difference between 'to lease and 'to rent' is analoguous to the difference between 'to lend'  and 'to borrow' . For example, a car rental company LEASES cars (lends cars in exchange for money), whereas the customers RENT the cars (borrow the cars by paying). But thanks to this thread now i know, to my surprise, that there is actually NO such difference!

In German there are two different terms in the sense I explained above, namely,' vermieten'= rent (as in to lend for money), and 'mieten'= rent (as in to borrow by paying).

My questions here are:
1- Doesn't the English language have two different terms for these processes/actions like those in German? At all?
2- Say I need a car for the weekend. I go and rent a blue car. Are the following sentences then correct:
                                                 a. Mr. Smith from XYZ rent-a-car rents me the blue car.
                                                 b. I rent the car from Mr. Smith.
                                                 c. I am the renter of the blue car.
                                                 d. Mr.Smith is the renter of the blue car.
Thanks in advance!

Joined on Thu, Dec 8 2005
Germany
New Member 45
1 2 3 4
© MediaCet Ltd. 2009, v5.0.3614.32638. All content posted by our users is a contribution to the public domain, this does not include imported usenet posts.*
For web related enquires please contact us on webmaster@mediacet.com, status updates are available at status.mediacet.com.
*Usenet post removal: Use 'X-No-Archive'. You may not have understood that your posts would end up in the public domain. Please send proof of the poster's email, we will remove immediately.