Renter

A renter is an individual or entity that pays to occupy or use property owned by another party, typically under a lease or rental agreement. In this arrangement, the renter, also known as a tenant, agrees to abide by the terms set forth in the agreement, which often specifies the duration of the rental, the amount of rent to be paid, and responsibilities related to property maintenance. Renters may occupy various types of properties, including residential spaces like apartments and houses, as well as commercial properties. The rights and responsibilities of renters are generally governed by local laws and regulations, which can vary by jurisdiction.