SANGAM REAL ESTATE & INTERIORS

Renting

Renting, also known as hiring or letting, is an agreement where a payment is made for the use of a good, service or property owned by another over a fixed period of time. To maintain such an agreement, a rental agreement (or lease) is signed to establish the roles and expectations of both the tenant and landlord.

Renting provides financial flexibility that buying a property often does not. Renters are typically not responsible for property taxes, homeowners insurance, or maintenance costs, which can alleviate financial burdens.