Whether you manage properties and rent full-time or only rent out one home as a secondary source of income, you’re expected to know it all as a landlord. Whatever the situation, there is frequently one area where people are unclear: what distinguishes a lease from a rental agreement?

Lease and rental agreements are frequently used interchangeably to refer to the same item. But the phrase may be used to describe two different kinds of contracts. Leases and rental contracts are both enforceable legal transactions. But each has a very distinct function. for more information visit Difference Between Lease Agreement and Rental Agreement