What context can I use each word in?
Learn when and how to use these words with these examples!
leasing
Example
The company decided to lease the office space for five years. [lease: verb]
Example
The leasing agreement includes a clause that specifies the terms and conditions of the lease. [leasing: noun]
renting
Example
I am renting an apartment in the city for a month. [rent: verb]
Example
The landlord increased the rent for the apartment by 10%. [renting: noun]
Good things to know
Which word is more common?
Renting is more commonly used than leasing in everyday language, especially in the context of residential properties. However, leasing is more common in commercial and business settings.
Whatโs the difference in the tone of formality between leasing and renting?
Leasing is generally considered more formal than renting, as it involves a longer-term commitment and may have stricter terms and conditions. Renting, on the other hand, is more casual and flexible, making it suitable for short-term use or temporary arrangements.
