Answers (3)
Rent is like you give your possession to someone and charge something for it on monthly or yearly basis that is you still own it but someone else uses it
Sale is you give your possession to someone in exchange of sometime might be money and now you do not own or have control that item.
like renting your house and selling of property are two different things.
The lease is an agreement between two parties in which one party allows the other party to use the asset for a defined period. Renting is a short-term agreement between the tenant and landlord, whereby the tenant pays rent for the use of asset owned by the landlord. The line of demarcation amidst these two terms is very thin and blurred causing people to get confused between these two terms. Here, in this article we have explained the significant differences between lease and rent.