A renter, also known as a tenant, is an individual or entity that occupies a property against payment of rent to the property owner or landlord. A renter enters into a rental agreement with the owner or their authorized representative, typically through a signed lease or rental contract, which outlines the terms and conditions of their tenancy.
As a temporary occupant of the property, a renter has the right to use and enjoy the premises within the limits of the agreement. The rented property can vary from residential dwellings such as apartments, houses, or condominiums, to non-residential spaces like offices, retail stores, or warehouses. The duration of the rental period is typically agreed upon and can vary from short-term leases, usually less than a year, to long-term leases that can span several years.
Renters are obliged to pay the agreed-upon rent on time, which serves as compensation to the owner for the use of their property. They are also responsible for the general upkeep of the rented property, ensuring it remains in a reasonably good condition. However, specific maintenance and repairs may fall under the responsibility of the property owner depending on the rental agreement.
Overall, being a renter implies having the right to enjoy the premises temporarily while fulfilling the obligations outlined in the rental agreement, and abiding by the rules and regulations set forth by the respective owner or landlord.
