What's the difference between lease and rental?

Lease


Definition:

  • (v. i.) To gather what harvesters have left behind; to glean.
  • (v. t.) To grant to another by lease the possession of, as of lands, tenements, and hereditaments; to let; to demise; as, a landowner leases a farm to a tenant; -- sometimes with out.
  • (v. t.) To hold under a lease; to take lease of; as, a tenant leases his land from the owner.
  • (v. t.) A demise or letting of lands, tenements, or hereditaments to another for life, for a term of years, or at will, or for any less interest than that which the lessor has in the property, usually for a specified rent or compensation.
  • (v. t.) The contract for such letting.
  • (v. t.) Any tenure by grant or permission; the time for which such a tenure holds good; allotted time.

Example Sentences:

  • (1) Mindful of their own health ahead of their mission, astronauts at the Russia-leased launchpad in Kazakhstan remain in strict isolation in the days ahead of any launch to avoid exposure to infection.
  • (2) In 2005, Westbrook bought the £190m head lease for Dolphin Square, once the largest block of flats in the world with a colourful list of former residents, including more than 70 MPs, at least 10 Lords and a number of intelligence agency personnel.
  • (3) The Labour leadership election gained a new lease of life today as parliament's first black female MP, Diane Abbott , entered the race and the party extended the deadline for nominations, giving extra time for new candidates to emerge.
  • (4) In 2012, the state and county committed $226m to the team in a new lease deal.
  • (5) In addition, another 25 million acres of state and federal lands in the U.S. Arctic — onshore and off — are open to oil and gas leasing; of that,13.5 million acres have already been leased.
  • (6) A student who lost her leg in the Alton Towers rollercoaster crash says she has been given a new lease of life by a hi-tech prosthetic leg and that she is stronger for her harrowing experience.
  • (7) Many articles published on the topic of lease financing point only to the benefits that may be derived.
  • (8) The MD-83 aircraft, owned by Spanish company Swiftair and leased by Algeria's flagship carrier, disappeared from radar less than an hour after it took off from Ouagadougou for Algiers.
  • (9) Although providing a new lease on life is very rewarding within itself, it can also be stressful for all involved.
  • (10) His lieutenants have floated the possibility that whoever takes over our roads could get them on 100-year leases – which would just be transferring a public asset to some private-sector oligarch.
  • (11) The retailer has also taken a £70m hit from onerous leases, and distribution centre closures in Harlow and Weybridge cost £30m.
  • (12) NT chief minister Adam Giles said the decision to lease the port rather than sell allowed the government to ensure conditions are upheld.
  • (13) But landlords often put your rent up massively at the end of your lease, meaning you have to move every two years."
  • (14) The village of Point Hope, Alaska, joined by numerous native and environmental groups, is now challenging offshore development on the 2.9 million acres in the Chukchi Sea, contending that MMS violated federal environmental laws when it conducted the lease sales.
  • (15) Her rent was increased by $20 as soon as her fixed-term lease ended, despite already being more expensive than similar properties in the area.
  • (16) That approval was therefore invalid, she said, adding the company was yet to obtain a mining lease for Alpha.
  • (17) But as Kathimerini.com reports, the plan is to definitely to lease the islands, not sell them forever: The fund reviewed 562 of the estimated 6,000 islands and islets under Greek sovereignty.
  • (18) The company hired by Royal Dutch Shell plc in 2012 to drill on petroleum leases in the Chukchi — Sugarland, Texas-based Noble Drilling US LLC — in December agreed to pay $12.2m after pleading guilty to eight felony environmental and maritime crimes on board the Noble Discoverer.
  • (19) However, Adani has turned to the national native title tribunal to override this objection, which would allow the state government to issue a lease for the mine.
  • (20) Contracts with a Lend Lease-led consortium were signed last week and construction is due to begin this year.

Rental


Definition:

  • (n.) A schedule, account, or list of rents, with the names of the tenants, etc.; a rent roll.
  • (n.) A sum total of rents; as, an estate that yields a rental of ten thousand dollars a year.

Example Sentences:

  • (1) Airbnb also features a number of independently posted holiday rentals in Brazil's favelas.
  • (2) Two years later, the privately held Lovefilm acquired Amazon's UK and German movie rental business, with the online retail giant taking a stake in the business as part of the deal.
  • (3) LCP said one- and two-bedroom flats in the centre of the city were popular with corporate renters and international students, and that demand was fuelling rental growth.
  • (4) If it passes, the measure will enforce new limits on the number of days short term rental properties can be offered yearly and require the companies to report the rates charged and durations of stays.
  • (5) Soaring demand for rental property means homes are being let in record time, even though more properties are coming on to the market, according to research from lettings agent Countrywide.
  • (6) Toyota immediately suspended the rental car commercials in which he appears and industry experts speculated the band was likely to lose more lucrative contracts.
  • (7) BHS shareholders led by Green, and the billionaire’s family, withdrew more than £580m in dividends , rental payments and interest on loans from the failed department store chain before he sold it for £1 in March 2015.
  • (8) LoveFilm, bought out by Amazon three years ago in a deal worth nearly £200m , will be folded into the online retailer's British website next week, creating a one-stop service for digital streaming, DVD rental and books.
  • (9) Lack of construction to meet an increase in demand for both rental and for purchase has contributed to increase in cost of housing in the US.
  • (10) Photograph: ONS That covers banks, insurers, technology companies, other financial firms, estate agents, and goods rental companies.
  • (11) Roger Harding, Shelter’s director of communications, policy and campaigns, said: “It beggars belief that a landlord can evict a family simply because they have three children, and the fact that this one has is yet another sign of our broken rental market.
  • (12) The Apple boss opened up several new fronts at the start of the year, with plans to launch online movie rentals and a revamped "Apple TV" on which to play them, trying to do for broadband-based video on demand what iTunes did for music downloads.
  • (13) Le Grand Bornand is one of the first resorts to offer Snooc rental.
  • (14) But PricedOut said proposals to expand the private rented sector came with a "massive omission" over security for tenants, mostly on six-month or one-year contracts, and failed to tackle tax breaks that give rental investors a head start over first-time buyers.
  • (15) On top of that you will also face a line rental charge of £15.45.
  • (16) She will recommend better regulation of the rental sector as part of the report.
  • (17) Daily cost including drug, pharmacy and nursing time, pump rental was 33%, PA, versus 23%, PB, more than conventional therapy.
  • (18) While the proportions may vary year to year, we invariably spend more on residences than we receive in rental income.
  • (19) Rental arrears are up among social tenants as a result of the bedroom tax and other benefit cuts, with 28% of them going into the red for the first time .
  • (20) A rental contract can stipulate that tenants ask a landlord before switching energy supplier, but it can't refuse permission to switch.