Renting
Rent is paid in advance to your landlord or agent. This is a legal requirement, made binding by signing the lease. Renting, also known as hiring or letting, is an agreement where a payment is made for the use of a good, service or property owned by another over a fixed period of time. To maintain such an agreement, a rental agreement (or lease) is signed to establish the roles and expectations of both the tenant and landlord. If you own rental property, then you have the option of cashing in on the increase in value of the property. You can also sell off your rental property and earn a good profit if you do this regularly.
