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The Difference Between Lease and Rent: Housing. The difference between lease and rent is that a lease generally lasts for 12 months while a rental agreement generally lasts for 30 days. Letâs say you move to a new city and youâre still on the ârentâ side of the rent vs. buy decision. Youâll want to rent a house or an apartment.
Introduction. 1  As either a tenant or a landlord, there are all sorts of details to keep track of when you're renting property. 2  Lease Agreement Form, Rental Agreement, Rental Contract. 3  A Lease Agreement is a useful tool whether you're a tenant or a landlord or you're leasing a residential property.