To hire an object or accommodation for a non-permanent amount of time on a borrowed basis. The amount of time an object or property is rented can be open-ended, though this is usually detailed in an official contract between the renter and owner. Other details within the agreement may refer to the amount to be paid and how frequently the renter must make payments.
Renting an object or property does not entitle the renter to ownership. The original owner still retains all rights to the object or property. As such, the renter must adhere to the rules stated in the contract. This is especially relevant to the rental of property provided by landlords. These contracts often dictate that the renter cannot permanently change the property in any way, and any significant renovations can only be completed with the landlord’s approval.
If rent is not paid in line with the agreed terms, a tenant may be evicted from the property. Legal process must be followed in this instance, and renters do possess some rights. But a failure to comply with contractual obligations in direct disagreement with the original contract often leads to eviction.