In this lease vs rent comparison, let us understand meaning, pros & cons of leasing or renting an asset.
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When you sign a lease agreement, you are committing yourself for the long term, while in a rent agreement the commitment is for short term. Let us learn the exact details of when to sign a lease deed and when to go for renting a house, a car or any equipment or machinery.
Today you can rent almost anything, from a car & furniture to electronics & clothes. You can rent a car from Ola Cabs or Uber or a self drive car from apps like Zoomcar.
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इस लीज़ वर्सेज़ रेंट की तुलना में, चलिए इनके अर्थ, किसी संपत्ति को लीज़ और रेंट करने के प्रोज़ और कॉन्स समझते हैं। जब आप एक लीज़ एग्रीमेंट पर साइन करते हैं तो आप अपने आप को लम्बी अवधि के लिए कमिट कर रहे होते हैं, जबकि एक रेंट एग्रीमेंट में कम अवधि के लिए कमिट करते है। चलिए समझते हैं की कब आपको कोई घर, कार, इक्विपमेंट या मशीनरी लीज़ साइन करनी चाहिए और कब आपको रेंट करना चाहिए।
आज आप कार और फर्नीचर से लेकर इलेक्ट्रॉनिक्स और कपड़े तक लगभग कुछ भी किराए पर ले सकते हैं। आप ओला कैब्स या उबर की कार रेंट पर ले सकते हैं या जूमकार जैसे ऐप्स से सेल्फ ड्राइव कार भी किराए पर ले सकते हैं।
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In this video, we have explained:
What is lease agreement and rent agreement?
What is the difference between lease and rent?
When should you lease an asset and when should you rent an asset?
What are the advantages and disadvantages of leasing and renting assets?
What are the things you should keep in mind while signing a lease agreement and rent agreement?
Even though these terms are often used interchangeably, they are not same. Lease deed or lease agreement is generally signed for long term. Renting and leasing both has their pros & cons. In property lease agreement the landlord can't arbitrarily increase the monthly lease amount & the tenant can't leave the property whenever they want without any repercussion.
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Hope you liked this video about “Lease vs Rent”.
Lease vs Rent - Hindi
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