![Renting Renting](https://sp-ao.shortpixel.ai/client/to_auto,q_glossy,ret_img,w_1160,h_779/https://commercial-insurance.broker/wp-content/uploads/wl/2019/01/DSC_8728-balancing-barn.jpg)
Renting, also known as hiring, 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.