What's the difference between leasing and renting?

Leasing


Definition:

  • (p. pr. & vb. n.) of Lease
  • (a.) The act of lying; falsehood; a lie or lies.

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.

Renting


Definition:

  • (p. pr. & vb. n.) of Rent

Example Sentences:

  • (1) Smith manages to get a suspended possession order, postponing eviction, provided Evans (who has a new job) pays her rent on time and pays back her arrears at a rate of £5 a week.
  • (2) In Colchester, David Sherwood of Fenn Wright reported: "High tenant demand but increasingly tenants in rent arrears as the recession bites."
  • (3) Andrew and his wife Amy belong to Generation Rent, an army of millions, all locked out of home ownership in Britain.
  • (4) Education is becoming unaffordable because of tuition fees and rent.
  • (5) Others seek shelter wherever they can – on rented farmland, and in empty houses and disused garages.
  • (6) Lucy Morton, a senior partner at WA Ellis in Knightsbridge, says most foreign students want one-bed flats at up to £1,000 a week and they often pay the whole year's rent up front.
  • (7) Saving for a deposit is near impossible while paying extortionate rents for barely habitable flatshares.
  • (8) The councillors, including Philip Glanville, Hackney’s cabinet member for housing, said they had previously urged Benyon and Westbrook not to increase rents on the estate to market values, which in some cases would lead to a rise from about £600 a month to nearer £2,400, calling such a move unacceptable.
  • (9) A separate DWP-commissioned report, by the Institute of Fiscal Studies , on the impact of housing benefit caps for private sector tenants was welcomed by ministers as a sign that fears that the reform would lead to mass migration out of high-rent areas like London were unfounded.
  • (10) Karzai had come under criticism in the past from Afghans for renting the property to international officials.
  • (11) We’ve identified private accommodation that can be used to house refugees; we’ve set aside rented accommodation, university flats and unoccupied housing association homes for use by refugees.
  • (12) It said a government investment of £12bn could build 600,000 shared ownership homes, enough to give almost half of England's private renting families the opportunity to buy.
  • (13) In Palo Alto, there are the people who do really well here, and everyone else is struggling to make ends meet,” said Vatche Bezdikian, an anesthesiologist on his way to lunch on University Avenue, the main street, where Facebook first rented office space.
  • (14) To some extent, housing associations have taken their place, but affordable, social rented homes have been sold off more quickly than they have been replaced.
  • (15) Some social landlords are refusing to rent properties to tenants who would be faced with the bedroom tax if they were to take up a larger home, even when tenants provide assurances they can afford the shortfall.
  • (16) Their task was to reduce the size of the properties and change the tenure mix from private rented to shared ownership or open market housing.
  • (17) Vulnerability: For an average social landlord with general needs housing about 40% of the rent roll is tenant payment (the remainder being paid direct by housing benefit).
  • (18) The average rents in social housing meanwhile increased by 6.1% from £88.90 to £94.30 a week.
  • (19) The scheme, which will be completed in 2016-17, comprises 491 homes for social rent and 300 for private sale.
  • (20) She warned that housing benefit caps would make moving to the private rented sector increasingly difficult for those on low incomes, and complained that homes were now allowed to stand empty in London and elsewhere because they had been sold abroad as financial assets.

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