Variant of NAICS 1997 - Labour Force Survey (LFS) Industries

7 - Services-Producing Sector

10 - Finance, Insurance, Real Estate and Leasing

53 - Real Estate and Rental and Leasing

This sector comprises establishments primarily engaged in renting, leasing or otherwise allowing the use of tangible or intangible assets. Establishments primarily engaged in managing real estate for others; selling, renting and/or buying of real estate for others; and appraising real estate, are also included.

532 - Rental and Leasing Services

This subsector comprises establishments primarily engaged in renting or leasing tangible goods, such as automobiles, computers, consumer goods, and industrial machinery and equipment, to customers in return for a periodic payment.

The subsector includes two main types of establishments:

*those that are engaged in renting consumer goods and equipment; and
*those that are engaged in leasing machinery and equipment of the kind often used for business operations.

The first type typically operates from a retail-like or store-front facility and maintains inventories of goods that are rented for short periods of time.

The latter type typically does not operate from retail-like locations or maintain inventories, and offers longer-term leases. These establishments work directly with clients by providing or arranging financing to enable them to acquire the use of equipment on a lease basis; or they work with equipment vendors or dealers to support the marketing of equipment to their customers under lease arrangements. Equipment lessors generally structure lease contracts to meet the specialized needs of their clients and use their remarketing expertise to find other users for previously leased equipment. Establishments that provide operating and financial leases are included in this subsector.

• Exclusion(s):

  Establishments primarily engaged in:

  • renting or leasing intangibles or intellectual property (See 51 Information and Cultural Industries)
  • leasing and providing loans to buyers of goods and equipment, or to vendors and dealers to finance their inventories (See 52222 Sales Financing)
  • leasing real property (See 531 Real Estate)
  • employee leasing services (See 56133 Employee Leasing Services)
  • renting or leasing equipment with operators (classified in various subsectors of NAICS depending on the nature of the service provided)

5322 - Consumer Goods Rental

This industry group comprises establishments primarily engaged in renting or leasing personal and household goods. These establishments generally provide short-term rental, although, in some instances, the goods may be leased for longer periods of time. These establishments often operate from a retail-like or store-front facility.

53221 - Consumer Electronics and Appliance Rental

This industry comprises establishments primarily engaged in renting consumer electronics and appliances.

• Exclusion(s):

  Establishments primarily engaged in:

  • renting household furniture or party and banquet supplies (See 53229 Other Consumer Goods Rental)
  • leasing or renting computers (See 53242 Office Machinery and Equipment Rental and Leasing)

53222 - Formal Wear and Costume Rental

This industry comprises establishments primarily engaged in renting formal wear, costumes (including theatrical) and other clothing.

• Exclusion(s):

  Establishments primarily engaged in:

  • laundering and renting uniforms and other work apparel (See 81233 Linen and Uniform Supply)

53223 - Video Tape and Disc Rental

This industry comprises establishments primarily engaged in renting pre-recorded video tapes and discs to the general public.

• Exclusion(s):

  Establishments primarily engaged in:

  • retailing pre-recorded video tapes and discs (See 45122 Pre-Recorded Tape, Compact Disc and Record Stores)
  • distributing motion pictures and videos to movie theatres and other distributors (See 51212 Motion Picture and Video Distribution)
  • renting video recorders and players (See 53221 Consumer Electronics and Appliance Rental)

53229 - Other Consumer Goods Rental

This industry comprises establishments, not classified to any other industry, primarily engaged in renting consumer goods.

• Exclusion(s):

  Establishments primarily engaged in:

  • retailing and renting musical instruments (See 45114 Musical Instrument and Supplies Stores)
  • renting consumer electronics and appliances (See 53221 Consumer Electronics and Appliance Rental)
  • formal wear and costume rental (See 53222 Formal Wear and Costume Rental)
  • renting pre-recorded video tapes (See 53223 Video Tape and Disc Rental)
  • renting a general line of products such as lawn and garden equipment, home repair tools, and party and banquet equipment (See 53231 General Rental Centres)
  • renting commercial and industrial medical equipment (See 53249 Other Commercial and Industrial Machinery and Equipment Rental and Leasing)