Renting
Rent is paid in advance to your landlord or agent. This is a legal requirement, made binding by signing the lease. The rental housing act has processes in place for landlords if the tenant does not pay on time each month. The idea of buying a home or apartment to rent out for profit may sound alluring. But buying a rental property for income and long-term capital appreciation can have its ups and downs. For example, the housing market can fluctuate depending on location, supply and demand, and the economy.
