What is Rent?
Renting, also known as hiring or letting, is an agreement where a payment is made for the temporary use of a good, service, or property owned by another.
A gross lease is when the tenant pays a flat rental amount and the landlord pays for all property charges regularly incurred by the ownership.
Houses For Rent In South Africa Johannesburg
House For Rent In Morningside Ext 40, Sandton
House for rent in/on/near Sandton Drive, Johannesburg Ward 103, Sandton, 2196, South Africa. The monthly rent is ZAR 42,000, but you can submit your custom offer on this house and negotiate.
This 600-square-meter 4-bedroom house features 3 bathrooms. Please note that pets are not allowed in this house.
House For Rent In Lombardy East, Johannesburg
House for rent in/on/near King Edward Road, Lombardy East, Johannesburg, 2001, South Africa. The monthly rent is ZAR 16,000, but you can submit your custom offer on this house and negotiate.
This 3 bedroom house features 2 bathrooms. Please note that pets are not allowed in this house. Contact the agent and schedule a tour online to see this 3-bedroom house.
What are rent and its types?
According to classical theory, rent is the price paid for the use of land. However, in modern theory, the concept of rent is not confined to land.
It can be applied to any factor whose supply is inelastic in the short run. There are three different concepts of rent: land rent, economic rent, and quasi-rent.
Who gives rent called?
The person who owns the item that will be leased or rented is called the lessor. The person who is paying the money to use the item is called the lessee. If it is a house, building, or land that is being leased, the person who pays the money is called the tenant.