Pay to Stay is a term used to describe the process of paying for a place to live. RENT and LEASE are two common ways to pay for a place to stay. RENT is a short-term agreement where the tenant pays a set amount of money each month in exchange for the use of the property. LEASE is a longer-term agreement where the tenant pays a set amount of money each month in exchange for the right to use the property for a specified period of time.