is rent the same as rent?

Renting 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 the property to another person for a certain period of time. The landlord then receives a periodic payment in exchange for renting the property. In proper parlance, a tenant "rents" a property while a landlord "rents" his property to a tenant.

In reality, a landlord should not describe what they do as a rental, rather than a lease, but these distinctions are not important to most people, as what is meant is easy to understand. Before moving into rental housing, many landlords require their tenants to sign a lease. A lease is a contract between the tenant and the landlord that gives the tenant the right to live in a property for a specified period of time, usually covering a rental period of 6 or 12 months. The contract between the landlord and the tenant binds the parties to the lease.

Common synonyms for rent are charter, hire, lease and let. While all of these words mean to hire or grant use at a price, rent emphasises the payment of money for the full use of the property and can involve both renting and leasing.