Renting a flat, also known as LEASING, is the process of obtaining a residential or commercial property for a fixed period of time. It involves signing a contract with the landlord or property owner, agreeing to pay a certain amount of money in exchange for the use of the property. The tenant is usually responsible for paying all utilities and other costs associated with the property. LEASING is a popular option for those who are looking for a short-term living arrangement or who do not want to commit to buying a property.