Renting is an agreement where a payment is made for the temporary use of a good owned by another person or company. Examples:

• Housing tenure, where the person who lives in the house is a tenant, paying rent to the landlord, who owns the property.
• The renting of motion pictures on VHS or DVD, of audio CDs, of computer programs on CD-ROM.
• Renting transport equipment, such as an automobile, boat, or bicycle.
• Renting somewhat specialized tools, such as a chainsaw, or something more substantial, such as a forklift.
• Renting a beach chair and umbrella.

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.

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