Renew lease, also known as extended lease time, is a feature that router manufacturers have started including in their products to extend the life of their devices. Companies have realized that increasing users are upgrading to high-end wifi routers. However, these devices are not meant to be appliances; they are just something people use daily. The following article will highlight everything about what does renew lease mean on wifi.
What Does Renew Lease Mean on wifi? Everything You Need to Know
A lease is when you rent an asset from a company for a monthly fee. In the world of wifi, a lease is when you have to use a router before you return it. You have the right to use the equipment during this time, but you don’t own it.
When you have to return the equipment, it will have end-of-life (EOL) date. Many companies place restrictions on the type of router you can use. You’ll have to return the router when you exceed the lease time.
How to Renew Lease on wifi?
Typically, when you purchase a router, it has a lease time of one year. After this period, you must return the router to the manufacturer. When you purchase a router, you usually have to confirm that you accept the terms and conditions of the lease.
As soon as you buy a router, you typically have 30 days to extend the lease. You can do this through the manufacturer’s website. Depending on the manufacturer, you may be able to do this through the router’s configuration page or an online application. The option may be hidden in the advanced settings or documentation if you can’t find the option.
Why Should You Renew Your Router’s Lease Time?
The first reason you should renew your router’s lease time is to keep using the same device. If you purchase a high-end router and the manufacturer ends the lease period, you’ll have to purchase a new router.
Due to the high-end nature of these devices, you may have to purchase a new router at a higher price. If you extend the lease time, you’ll be able to continue using the same router for a lower price. Another reason you should extend the lease time is to receive new features or extra support. For example, some manufacturers will include 30-day money-back guarantees.
If you extend your lease, you may be able to receive an extra 30 days of complimentary support. This can be very helpful if you’re having trouble setting up your router or using its features. Additionally, some manufacturers may offer new features as a promotion when you extend the lease time.
Disadvantages of a Renewed Lease Time
The main disadvantage of extending the lease time is that you’ll be locked into the same router for longer. If the device has serious issues, you may have to wait for the manufacturer to release a fix or an updated model.
Unfortunately, this may take a long time, and you may not want to wait. In this case, you may consider purchasing a new router or returning the device and purchasing it from another company. Another disadvantage is that some manufacturers may charge you a fee for extending the lease time.
This fee may be a one-time or an additional monthly charge for the remaining lease period. If you’re purchasing the router as part of a bundled service, you may have to pay extra for the additional lease time.