Rental refers to the process of leasing or borrowing an item, property, or service for a specified period in exchange for payment. This can include various items such as cars, equipment, or vacation homes. The rental agreement outlines the terms, including duration, cost, and responsibilities of both the renter and the owner. In the real estate market, rental properties are often residential units like apartments or houses that individuals or families can lease. This arrangement allows people to live in a space without purchasing it outright, providing flexibility and access to housing in different locations.