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The definition of rentals or renting is an agreement where a payment is made for the temporary use of a good or property owned by another person or company.
Typical items for rental include:
- Renting real estate for the purpose of:
- Housing tenure (where the renter (also known as lessee) rents a residence to live in)
- parking a vehicle(s)
- storage
- business
- agricultural
- institutional
- government use
- other reasons.
- The renting of a video, music, game or film:
- The renting of audio, of computer programs on:
- Renting transport equipment:
- automobile
- boat
- bicycle
- plane
- Renting of tools or equipment:
- a chainsaw
- laptop
- forklift
- beach chair and umbrella.
In various degrees, renting (known also as "hiring") can involve buying services for various amounts of time, such as staying in a hotel, using a computer in an Internet cafe, or riding in a taxicab.