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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.
Gross Leases. 1  The tenant pays a flat monthly amount. 2  The landlord pays for all operating costs for the building. 3  In some cases, the tenant pays for its electricity, heat, and air conditioning.  This type of lease often contains an escalation clause that allows the landlord to increase the rent annually to offset increased expenses.