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A rental agreement is a contract of rental, usually written, between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typically for a fixed term. [1]
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Gratis (/ ˈ ɡ r ɑː t ɪ s /) in English is adopted from the various Romance and Germanic languages, ultimately descending from the plural ablative and dative form of the first-declension noun grātia in Latin. It means "free" in the sense that some goods or service is supplied without need for payment, even though it may have value.
A lease and release is a form of conveyance of real property involving the lease of land by its owner to a tenant, followed by a release (relinquishment) of the landlord's interest in the property to the tenant.
Renting, also known as hiring [1] or letting, [2] is an agreement where a payment is made for the use of a good, service or property owned by another over a fixed period of time. To maintain such an agreement, a rental agreement (or lease) is signed to establish the roles and expectations of both the tenant and landlord.
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