ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of these is not a term for someone living in a rented space?
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Renter
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Tenant
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Homeowner
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None of the above
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Explanation:
Detailed explanation-1: -landlord. noun. a man who owns a house, flat, or room that people can rent.
Detailed explanation-2: -You may hear lease option contracts called by a variety of other names, but they all mean essentially the same thing: rent-to-own agreements, rent options, lease-to-buy options, rent-to-buy options, lease with option to buy or lease with option to purchase.
Detailed explanation-3: -A lessor can be either an individual or a legal entity, like a business or organization. The lessor is always the owner of the asset. For example, if a car is the asset in question, the lessor would be the property owner or auto dealer leasing out the car. The lessee is always the one using the asset temporarily.
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