Renting or buying a home
You can buy either a housing share or a property. When you rent a dwelling, you must commit yourself to paying rent according to the tenancy agreement. Right of occupancy is an intermediate form without a great personal loan or other form of financing. You can live in a right-of-occupancy housing for the rest of your life, but you cannot buy the dwelling.
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Buying a home or property
When you buy a home, you either purchase a housing share or real estate.
Renting a home
When renting a flat, you are expected to pay your rent as agreed, and a security deposit, or a rent guarantee, is often required as well.