View Rachel Baileyâs profile on LinkedIn, the world's largest professional community. Rachel has 5 jobs listed on their profile. See the complete profile on LinkedIn and discover Rachelâs connections and jobs at similar companies.
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.
A lease is often a year, sometimes 6 months. A short-term rental is typically 6 months or less, or month-to-month. It's important to know the length of your term because you're locked into that time frame once you sign a lease.