Rent

Rent is a periodic payment made by a tenant to a property owner for using a space. The amount and terms are defined in a rental agreement or lease, and rent is usually paid monthly.

• Contract Terms: Rent agreements specify payment amounts and due dates.
• Market Factors: Location, demand, and property condition influence rental rates.
• Security Deposits: Landlords may require a deposit to cover potential damages.
• Rental Adjustments: Lease agreements may allow for periodic rent increases.

Rent provides property access without ownership responsibilities, making it an attractive option for individuals and businesses needing flexibility.