A parking lot is an area where a car or truck or motorcycle could also be left, for a time, off-street. A parking lot is typically a paved area; the spaces are clearly marked with white or sometimes yellow paint. A driver is predicted to occupy just one space. Parking lot is that the British English term, the North American English term is parking zone. Renting implies a short-term agreement between the tenant and landlord, whereby the tenant pays rent for the utilization of asset like land, building, car etc. owned by the owner. While during a rent agreement, the owner can alter the terms of the contract, during a lease agreement, the terms of the contract can’t be altered until the contract ceases to exist. Letting the rent parking, to a different person for a brief term is understood as Renting. The term of the rent goes on …