Leasing

Here's a more detailed comparison:

• Duration: Typically longer term, often for 6 to 12 months or even several years.
• Rent: Usually fixed for the duration of the lease.
• Flexibility: Less flexible, with penalties for breaking the lease early
• Maintenance: In some cases, maintenance responsibilities may be passed to the tenant.

Renting

Rent agreements, on the other hand, are usually shorter, sometimes month-to-month, offering more flexibility but potentially less long-term security.

• Duration: Shorter term, often month-to-month.
• Rent: Can fluctuate depending on the market, though rent increases are typically subject to legal requirements.
• Flexibility: More flexible, allowing tenants to move with relatively short notice (e.g., 30 days).
• Stability: Less stable than a lease, as either party can terminate the agreement with notice.
• Maintenance: Landlord typically handles maintenance responsibilities.