- Housing Tenure , where the person who lives in the house is a Tenant , paying to the Landlord , who owns the Property .
- The renting of Motion Picture s on VHS or DVD , of Audio CD 's, of Computer Program s on CD-ROM .
- Renting Transport equipment, such as an Automobile , Boat or Bike .
- Renting somewhat specialized Tool s, such as a Chainsaw , or something more substantial, such as a Forklift .
- Renting a beach chair.
In various degrees, renting can involve buying services for various amounts of time, such as staying in a Hotel , using a Computer in an Internet Cafe , or riding in a Taxicab .
Reasons for renting rather than buying include:
- Renting is Tax attractive (in Spain & Australia ); also in the United States , it is deductible as a business expense (if the property is used in a Trade or business: rent on a dwelling is not tax deductible).
- Financial inadequacy, such as renting a House when one is unable to buy it.
- A product is needed only temporarily, as in the case of a special Tool or a Truck .
- Need for a similar product that is already owned but not in close proximity, such as renting a car or bike when away on a trip.
- Needing a cheaper alternative to buying, such as renting a movie: a person is unwilling to pay the full price for a movie, so they rent it for a lesser price, but give up the chance to view it again later.
Some Merchant s have rent-to-own programs, usually for expensive items such as homes or appliances.
As seen from the examples, some rented goods are used on the spot, but usually they are taken along; to help Guarantee that they are brought back, one or more of the following applies:
- one shows an Identity Document
- one signs a Contract ; any damage already present when renting may be noted down to avoid that the renter is blamed for it when the good is returned
- one pays a Deposit (also used for paying for small damage)
Sometimes the risk that the good is kept is reduced by it being a special model or having signs on it than can not easily be removed, making it obvious that it is owned by the rental company; this is especially effective for goods used in public places, but even when used at home it may help due to social control.
If one regularly rents goods from a particular company, often one has some kind of account, which reduces the administrative procedure on each occasion.
Lending Book s from a Library could be considered renting when there is a fee per book. However the term ''lending'' is more common.
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