What is the difference between renting and leasing a house for residential use?
611528
Leasing is long term, and has a contract.  Renting is short term, and sometimes has a contract, and sometimes don't.\nOtherwise there is no real difference
936256
One trick to get it for free is to ask a house agent for a Sample copy of his company's standard lease agreement. You'll need to modify some clauses to adapt for your use and avoid copyright related issues.
945397
The place I rent from (a leasing agency) says that "The income requirement is 3 times the monthly rent."\n\nAddition: I suppose you could put it that way, the monthly rent x36.  However, if you have proof that they make the three times your monthly rent each month anyway, that would meet your requirement all the same.  I wouldn't confuse renters.  They are used to three times the monthly rent, and it still meets your objectives.
1099142
Income from property is your income and a taxable income, Bult there ways and means to off set it .(First) It is your only property and is self occupied (2) Cost of mantaining the propert y can be deducted from the rental and (3) if you have already paid property tax, the rental could be reduced and the income will come down from taxable limit.
505297
A "head lease" is sometimes referred to as a "master lease" or a "prime lease".   If you were to buy a flat that has a head lease, that means, generally, that you are buying a flat located in a building or situated on a piece of land that you do not own.  So, in reality, you are "renting" the property in or on which the flat is located.  Your responsibilities are governed by the "head lease" and you should be able to get a copy of the "head lease" before you consider buying the flat.  Head leases are usually for very long terms (in California, they can be as long as 99 years) and from looking at the head lease you can determine when the term of the lease ends.  It may be 5 years it may be 50 years, or possibly more.  Ownership of a flat in this manner is called having a "leasehold interest" in the flat.  If the flat were NOT subject to a "head lease" then you would own the flat and the land on which it is located "in fee simple interest."  "Leasehold interest" in the US is an ownership right just like "fee simple interest" -- you can buy insurance for it, resell it, renovoate, etc.  You should consult with a reputable real estate agent or lawyer before making any decisions regarding real estate.  Good luck!
916717
Check with the city hall for information about that. Each places has it own guide lines on rental property.
254084
As long as the lease stipulates what part of the house it covers, that's perfectly fine. It's exactly the same as renting an apartment.
287952
Lease - I see it two ways..., one..., you get 100% of the tax deduction if you are a business..., second..., reduced payments...., but of courses..., at the end of the term..., your buy out may cost more....
792011
Renting & leaseing are to different things, "renting" basically means month to month payments. Leasing is a pre arranged length of time you will be paying, Exsample ( you will be paying mothly for a year, or whatever length of time is prearranged)\n\n  Yes you will have to sign & date it, it would be a good idea to read it also.
721551
http://www.ilrg.com/forms/lease.html
528791
Renting is a waste of your money!!! if you don't get that then just keep wasting your money on a property that you will never own, but your landlord will.
1132184
Leases of property vary from state to stae, but that doesn't mean that you are tied into one completely.\nAs laws vary, so do the leases, and with that being said, you need to examine the lease you signed to see if both parties have kept their end of the bargain.\nA lease, is a legal document, comitting you to a specific term of rent. Your landlord has "banked" on the fact that you will be there for a said period of time, and with you backing out, that puts his finances in a mixed state. However, depending where you live, that may not all be that bad. Perhaps, you or your landlord can sub-lease the property for a higher "IF" vacancy rates in your area are at a low point.\nAs for the only "legal" way of getting out of a lease, then you must agree to pay the remaining time on the property.\nBarring that, you may need to resort to being "evicted" perhaps by throwing loud parties and having the neighbours complain.
943233
Normally ROI on land is higher than homes. A home can generate rental income while the land does not generate income unless you use it for agriculture. House is a depreciating asset while land is an appreciating asset. The cost of floorspace increases with time but it is slower than the increase inland prices. The cost of constructing a house is the same everywhere but the cost of land varies from location to location.
809442
A residential investment might be housing units.  Non-residential might be a commercial property.
108183
Rent is an expense. If you are a business then it might lower taxes when you rent a commercial building. As an individual without a business it is just an expense.
909653
3 sets of tenants, 3 sets of problems. Renting a house and renting rooms may be different from a legal point of view, check it out. For sure if you rent a house out furnished, everything in the house must conform to health and safety standards, particularly with respect to fire. You might find it expensive to refurnish your house in order to conform to these standards.\nIn my experience the rental income from an unfurnished house is not much less than a furnished one. With the added bonus that you do not have to worry about wear and tear, because it's a fact that people will not look after your things the way you do. \nOn the other hand, you can probably get more by renting out to 3 people, but that's a question whether you are will to risk the fire hazards mentioned earlier.
295978
If you are only fixing the houses that you will rent for your profit then your business is a product business. If however, you fix houses but don't rent them for your profit it would be a service business.