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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.
The difference between a condo and an apartment. Well an apartment and a condo are exactly the same thing the difference is that you own a condo and you rent an apartment. Now whether or not you are in a position to buy a condo or you should stay renting is a completely different thing.