Renting is an agreement where a payment is made for the temporary use of a good owned by another person or company. Examples:
In various degrees, renting can involve buying services for various amounts of time, such as staying in a hotel, using a computer in an Internet cafe, or riding in a taxicab.
Reasons for renting rather than buying include:
Some merchants have rent-to-own programs, usually for expensive items such as homes or appliances.
As seen from the examples, some rented goods are used on the spot, but usually they are taken along; to help guarantee that they are brought back, one or more of the following applies:
Sometimes the risk that the good is kept is reduced by it being a special model or having signs on it than can not easily be removed, making it obvious that it is owned by the Rental company; this is especially effective for goods used in public places, but even when used at home it may help due to social control.
If one regularly rents goods from a particular company, often one has some kind of account, which reduces the administrative procedure on each occasion.
Lending books from a library could be considered renting when there is a fee per book. However the term lending is more common.