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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.
Philip M. Rosenberg. The difference in a lease or a rental agreement is not a matter of time, i. e. month to month vs. a year, but rather how and what is written in the body of the agreement. What states and or magistrates look at the title of an agreement vs. what is inside. Iâm confused.