Renting is a contractual arrangement where a payment is made for the temporary use of a good, service, or property owned by another party. It typically involves shorter-term agreements compared to [[leasing]], which often implies a longer-term commitment and may include options for purchase at the end of the lease term. Renting offers flexibility and convenience without long-term obligations, making it suitable for those who need temporary access to an asset. Examples of companies operating on a renting [[revenue model]] include Airbnb, which allows individuals to rent out their properties or spare rooms on a short-term basis; Rent-A-Center, offering furniture and electronics rentals; and Zipcar, providing car rental services that allow users to rent vehicles by the hour or day.