what is the difference between rent and lease
A lease agreement is a type of contract that regulates the relationship between tenants and landlords. A lease agreement will last for a specified duration of time. In many instances, this period lasts for one year, though this may vary substantially.
A rental agreement, also known as a periodic rental agreement, is generally a month-to-month contract; however, some agreements can be as short as a few days or weeks. Once the agreement expires, one of the following three things can happen: The agreement is automatically renewed and payment is due.