home renting simply refers to opting to occupy an already built home instead of building one. This agreement involves the payment of a particular amount of rent at a given date. This agreement is governed by terms and conditions which govern the amount payable, date of paying rent and compensation in case properties in the home are destroyed. It has become a trend for individuals to adapt to this method of home renting as it is cost effective and efficient. individuals working away from home or those always traveling have record maximum utilization of this program. Individuals who can afford the cost of owning a home have utilized this available program to the level best due to additional costs associated with home owning. example of such home owning cost include insurance and real estate taxes.
House renting as an alternative of home owning has posed more benefits which include cost and availability of expensive luxuries. The first benefit associated with home renting is that of evading the cost of repair and maintenance. As we all know, properties are all subjected to damage and regular maintenance which interns inquires a cost. In the home renting agreement, it is agreed that the cost of maintaining the home and other repairing cost is to be catered by the owner and this makes the method cost efficient. Expensive luxuries are available in case of home renting and which would tend difficult to install in case of home owning as they …