Rent or lease is a contract whereby one party agrees to temporarily transfer the use of a movable or immovable thing to a second party who in turn agrees to pay a certain price for that use.
A rental or lease agreement is one of the most common financial real estate transactions that takes place in all parts of the world and with respect to all types of objects. In this contract there are two parts, of which one is considered lessor and it is the owner of the particular object that it will put to the concession of the considered part tenant for the latter to use it and offer a previously agreed payment for that use.
A lease can be for one thing, such as an object, a device or machine, a service, such as a good or a job, and real property, such as a home or office.
Often, the payment for the use of real or personal property occurs once a month, during all the months that the lease is extended, and in that case it is called rent or rent. But it can also happen that the payment for the use of the property occurs in a single time, covering the total agreed price. Another type of income is that which, from the economic products generated by the leased property, the lessor receives a partial percentage of them.
The most common rentals are those that take place involving a homeowner who wants to rent it partially or totally to third parties and who charges them a monthly sum for the usufruct of the property or office. Many people in the world rent their home or office for reasons of comfort, savings or economic potential. In turn, a person can sublet that property that he rents, allowing others to occupy some of the rooms of the property in question.
