Why is it cheaper to rent than buy a house

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The renter should know what the lease can and cannot do before signing. Local laws do not always cover the conditions covered by leasing and tenancy agreements. The renter’s lease is legally binding when it comes to the living arrangements and the renter’s rights.
The renter should know how to protect their security deposit. This can be done by doing a through walk-through prior to signing a lease. All pre-existing damage must be documented.
The renter should know about the renter’s insurance policy. Renter’s insurance protects the renter against damage and losses due to flooding, fires, robbery, and other adverse events.