Personal Or Company Lease?
What is it: A lease agreement specified the person in whose name the house is taken, the rent paid and the period for which it is valid etc.
You and the company: When the agreement is signed by you and the owner, it’s called a personal lease. A company lease is one in which the deal happens through your employer.
Advantages: For a company lease, the company will do all the running around for you. For a personal lease, you do it yourself or get a broker to do it.
Why company lease? Companies might pay the initial security deposit for you and treat the money as an interest-free loan.
It gets better: Tenants cannot be evicted without notice in a company lease, but they also cannot forcibly occupy the property if it’s company lease.