Help building the largest human-edited directory of the web Suggest URL - Open Directory Project - Become an editor

directopedia.org uses links and structure from dmoz Open Directory Project.
The contents has been generating using technology developed by scientec.

Renting is an agreement where a payment is made for the temporary use of a good owned by another person or company. Examples:

• Housing tenure, where the person who lives in the house is a tenant, paying rent to the landlord, who owns the property.
• The renting of motion pictures on VHS or DVD, of audio CD's, of computer programs on CD-ROM.
• Renting transport equipment, such as an automobile, boat or bike.
• Renting somewhat specialized tools, such as a chainsaw, or something more substantial, such as a forklift.
• Renting a beach chair.

Renting can, in various degrees, involve buying services, such as staying in a hotel, using a computer in an Internet cafe, or riding in a taxicab.

Reasons for renting rather than buying include:

• Renting is tax attractive (in Spain); also in the United States, it is deductible as a business expense (if the property is used in a trade or business: rent on a dwelling is not tax deductible).
• Financial inadequacy, such as renting a house when one is unable to buy it.
• A product is needed only temporarily, as in the case of a special tool or a truck.
• Need for a similar product that is already owned but not in close proximity, such as renting a car or bike when away on a trip.
• Needing a cheaper alternative to buying, such as renting a movie: a person is unwilling to pay the full price for a movie, so they rent it for a lesser price, but give up the chance to view it again later.

Some merchants have rent-to-own programs, usually for expensive items such as homes or appliances.

As seen from the examples, some rented goods are used on the spot, but usually they are taken along; to help guarantee that they are brought back, one or more of the following applies:

• one shows an identity document
• one signs a contract; any damage already present when renting may be noted down to avoid that the renter is blamed for it when the good is returned
• one pays a deposit (also used for paying for small damage)

Sometimes the risk that the good is kept is reduced by it being a special model or having signs on it than can not easily be removed, making it obvious that it is owned by the rental company; this is especially effective for goods used in public places, but even when used at home it may help due to social control.

If one regularly rents goods from a particular company, often one has some kind of account, which reduces the administrative procedure on each occasion.

Lending books from a library could be considered renting when there is a fee per book. However the term lending is more common.

See also

• Leasing
• Rental agreement
• Rental shop
• Online DVD rental
• Online video game rental
• Rental car
• Vacation rental
• Rental agency
• Bid rent theory

This article is based on the article "Rental" from Wikipedia - the free encyclopedia created and edited by online user community. This article is distributed under the terms of GNU Free Documentation License. Here you find the list of authors of this article. The article can only edited within Wikipedia. Edit this article in Wikipedia.