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  • Quan Barnett

RENTING VS BUYING



Rent is simply explained by a fixed periodic return, either weekly, monthly, or yearly return made by an occupant of a property to the owner for possession and use. It is an act of allowing another person to use what belongs to you at a given period in exchange for payment or anything that has the same worth of the payment that’s meant to be paid, though this case will come in form of agreement between the parties involved. There are some terms used in rentals, an example is given in this sentence; a lessee shall pay to the lessor an additional service charge. When you plan to rent a place, you need to be organized when it comes to looking at all the details that you need to consider before selecting the final property that you will be renting. On the other side of the transaction, property owners should as be critical in providing the needs and demands of the customers while protecting the rights of the business.






There are rental checklists for landlords:


  • A moving-in checklist: they are both signed by the landlord and tenant.

  • A safety inspection checklist is used to update the safety and security features.

  • A rental space observation checklist.

  • An assessment checklist

  • Etc.• A moving-in checklist: they are both signed by the landlord and tenant.

  • A safety inspection checklist is used to update the safety and security features.

  • A rental space observation checklist.

  • An assessment checklist............. Etc.


Buying properties is more preferable and has more advantages than renting, however, it’s not for everyone. To know whether buying a house is right for u, make sure you consider the benefits and the disadvantages.




here are some benefits of buying a house:


  • Monthly mortgage repayments can be very competitive compared to what you will pay monthly.

  • If there is a property increment in value, the gain will be yours.

  • You have better control over your home.

  • Owning a property reduces the cost of living as there will be no rent or mortgage to pay.

  • In retirement, some schemes allow you to release equity from your home to help fund your retirement.

  • The property can be passed on when you die.


There are some disadvantages of buying a home:




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