2007-12-03 09:09:57 · 11 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
No, once you are 18 and able to sign a contract you can do either, but can 17 you can not rent or lease.
2007-12-03 09:15:01 · answer #1 · answered by Landlord 7 · 3⤊ 0⤋
Normally to lease and to rent are the same thing.... When you rent an apt you must first sign a lease. The lease states the terms and conditions of the rental contract.
"A lease is a binding, legal contract in which you agree to pay some amount of rent for a specific piece of property, for a specific period of time." www.taa.org
If you mean you can rent it but not lease it out, then yes. Some states allow you to rent at 17 (usually you must have a co-signer) However, if you are trying to lease something out -as in you own something that you want to lease to someone, you must be 18.
UPDATE:
To "German Beauty", (however I have a feeling your answer will be removed soon as it is offensive). Hun, I think you are mistaken. Rent to buy or Lease to buy are terms used to discribe buying the property through a rental process, but ALWAYS say "lease" or "rent" to buy. With out the "to buy" either of those terms mean nothing more and would never indicate ownership at the end of the contract.
Some people call renting a property "leaseing" because you must first sign a lease - which is a legal contract binding you to the rental terms. So it is sort of a "nick name" to renting.
Here is a website that discribes some of the common rental terms and their origins. http://www.taa.org/renterinfo/rentingBasics/
Before you call anyone stupid or make any judgements, you should ALWAYS research your information to make sure you are not incorrect. Who knows, you may actually learn something you didn't know before. Have a great day, and you may owe some people an apology.
Smiles & Hugs!!
2007-12-03 09:15:35 · answer #2 · answered by Chocoholic 4 · 0⤊ 0⤋
You can do NEITHER until you are of legal age, which is normally eighteen. Both are contracts, and those not of legal age cannot enter into a binding contract.
However, if the landlord chooses to ignore the fact that you are not of legal age, you can surely rent OR lease a place. The landlord should simply be aware that he has NO legal grounds upon which to collect rents or money for damages caused.
2007-12-03 09:18:34 · answer #3 · answered by acermill 7 · 1⤊ 0⤋
Renting & leasing are the same things. Clarify the age requirement.
2007-12-03 09:15:25 · answer #4 · answered by dtown 4 · 1⤊ 0⤋
aren't renting and leasing the same thing since when you rent an apartment you sign a lease?
2007-12-03 09:12:28 · answer #5 · answered by kahnedame 2 · 1⤊ 0⤋
Renting and leasing are the same thing I thought!
2007-12-03 09:12:26 · answer #6 · answered by Colonel Obvious AM 6 · 1⤊ 0⤋
I think you have to be 18 but it also depends on where you live.
2007-12-03 09:12:56 · answer #7 · answered by kumiko2420 4 · 1⤊ 0⤋
i would think that the only way to enter the contract would be if you are legally emancipated.
2007-12-03 09:25:37 · answer #8 · answered by lostgirl 2 · 1⤊ 0⤋
i dunno.that would be friggen awesome tho
2007-12-03 09:12:59 · answer #9 · answered by Anonymous · 0⤊ 1⤋
they are the same... you must be blonde
2007-12-03 09:13:00 · answer #10 · answered by podolak6 2 · 0⤊ 1⤋