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Leasing is a form of rental agreement in which a tenant pays a landlord for the use of an asset, such as a house, apartment, or vehicle. The tenant is usually responsible for paying a fixed amount of rent each month, as well as any additional costs associated with the asset, such as utilities and maintenance. The landlord is responsible for providing the asset and any necessary repairs. The length of the lease agreement is typically determined by the landlord and tenant, and can range from a few months to several years.
Leasing is a popular option for those who are unable to purchase an asset outright, or who prefer the flexibility of a rental agreement. It is also a cost-effective way to access a wide range of assets, such as cars, furniture, and electronics.
Companies in the rental market include Airbnb, Zipcar, and U-Haul. These companies provide rental services for a variety of assets, including homes, cars, and storage units. Other companies, such as Rent-A-Center and Rent-A-Wreck, specialize in renting specific types of assets, such as furniture and vehicles. Show Less Read more