BrE = British English | NAmE = North American English
*Verbs
You can hire something for a short period of time (BrE only), but rent something for a longer period: We can hire bikes for a day to explore the town. | We don’t own our TV, we rent it.
In NAmE, rent is always used. It is sometimes now used in BrE instead of hire, too.
The owners of a thing can hire it out for a short period (BrE): Do you hire out bikes? Or they can rent (out)/ let (out) a building, etc.: We rent out rooms in our house to students.
Outside a building you could see: To let (BrE). | For rent (especially NAmE).
To hire can also mean to employ somebody, especially in NAmE: We hired a new secretary.
*Nouns
The amount of money that you pay to rent something is rent or rental (more formal). When you hire something you pay a hire charge (BrE). On a sign outside a shop you might see: Bikes for hire (BrE).
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Top Tips Abz Ingles - Notes on usage - British/American
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