While renting, it is easier to relocate if needed. If the tenant was offered another job, was laid off, or needed to go live with a sick relative it would be simple to pack up and go. Of course, as a courtesy, they have to give the owner notice. Another option for the tenant to is switch to a month to month lease or they may locate a sublet.
Moving would be a hassle for a homeowner. If a homeowner accepted another job offer, laid off, or whatever the case may be they are unable to pick up and go easily. They would either need to sell or rent out their home. The selling process could take a while depending on the market. Locating the right occupant can also be a frustrating. The owner will need to make sure they find the right person to take care of their home as their own and pay on