An item that is leased out for a specific amount of time and is governed by either a verbal or written agreement. The most common forms of rentals are homes, cars, and equipment. Most rentals require some form of payment to be made either at the commencement of the leasing period or during the scheduled leasing period.

Use rental in a sentence

The car rental agent said they charge so much per day and then so much per mile after 200 miles.

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You need to try and make sure that any rental property you have looks good so people will want to stay there.

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Due to the high cost of real estate, many people prefer to move into a rental whereas they only have to pay a monthly fee to live there without a down payment in order to own the property.

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unearned revenue periodic tenancy