Residential rental property refers to homes that are purchased by an investor and inhabited by tenants on a lease or other type of rental agreement.
Rental housing refers to a property occupied by someone other than the owner, for which the tenant pays a periodic mutually agreed rent to the owner.
The Buyer must contract with the Rent regarding the interest the Seller professes to transfer to the Rent and that he has the power to transfer the same. Once the buyer has paid the purchase amount, the Seller must deliver all documents relating to the property in the Seller's possession or power to the Rent.