Question

What is the best reason for why someone would want to

lease a house instead of buy one?
A.) They are planning on living there for a short period
of time.
B.) They want full responsibility of all repairs,
C.) They want to avoid rent increases and dealing with
a landlord
D.) They want to be able to hopefully make money
when they sell the place.

Answer 1

A

Step-by-step explanation:

Leasing a house is the other name for renting a house which is preferably far more better for a person or a family who is planning to live there for a short period of time. A lessor is a person who gives his property on rent to the lessee. It is a way through which the person taking the house on rent is relieved from incurring cost on the repairs if required as the responsibility solely belongs to the owner of the house that is the lessor. People prefering leasing over buying a property is always ready to bear the increase in the costs of rent which is far more lesser than spending money or saving money for the down payment for buying a house. Moreover the person leasing the house only gets the ownership of the house under a contractual basis where they dont have the right to sell the property taken on lease.