When you’re leasing a home, it’s essential to remember that you are not the owner of the property. Leasing means you have the right to occupy and use the home for a specific period, but the ownership remains with the landlord. This arrangement comes with certain benefits, such as flexibility and lower responsibility for maintenance and repairs. However, it also means you must adhere to the terms of the lease agreement and respect the property owner’s rules. While leasing can be a great option for those seeking temporary housing or prefer not to commit to homeownership, it’s crucial to understand the distinction between being a tenant and a homeowner to make informed decisions about your living situation.
