To rent is a verb that means to allow someone to make use of the property or to live in it temporarily in exchange for a payment. This payment is monthly and is also called renting the place. To rent means to make available for rent, but when a property has been rented out, it simply means that it is no longer available for rent. Alquilar is only used by the owner of a property.
For example, the owner of a house or flat may want to give possession and use of it to someone else for a certain period. The owner then receives a periodic payment in exchange for renting out the property. When a property is rented out, this means that the "dotted i's" have been dotted and the rental contract has been signed. At this stage, if the tenant is not already living in the property, it is very likely that he or she will do so soon.
In simple terms, there is a big difference between an agreed tenancy and a lease. An agreed tenancy means that a tenant has shown a serious interest in a property and has made a verbal offer to rent it. This initial offer will have been accepted in principle by the landlord or letting agent and, as a sign of the tenant's commitment, the tenant will have been asked to pay a refundable deposit to reserve the property, while the necessary reference checks are carried out. The deposit cannot exceed one week's rent in the case of fixed-term tenancies.
Rental contracts are very similar to lease contracts. The major difference between rental contracts and lease contracts lies in the duration of the contract.