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Depending on your financial situation and preferred style of living, there are many advantages to renting: 1  Renting a home can be cheaper than buying a home. 2  You have more flexibility when you rent. 3  Your landlord, not you, is responsible for performing nearly all maintenance and repair work on the property.
Credit. Paying rent for the whole of a tenancy agreement up front can help overcome any concerns a potential landlord has over your credit profile. Many landlords will be wary of renting a property to you if you've had problems paying your bills in the past.