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)

5323 - General Rental Centres

This industry group comprises establishments primarily engaged in renting a range of consumer, commercial and industrial equipment. These establishments typically operate from conveniently located facilities in which they maintain inventories of goods and equipment that are rented for short periods of time. The type of equipment that these establishments provide often includes, but is not limited to, contractors' and builders' tools and equipment, home repair tools, lawn and garden equipment, moving equipment and supplies, and party and banquet equipment and supplies.

53231 - General Rental Centres

This industry comprises establishments primarily engaged in renting a range of consumer, commercial and industrial equipment. These establishments typically operate from conveniently located facilities in which they maintain inventories of goods and equipment that are rented for short periods of time. The type of equipment that these establishments provide often includes, but is not limited to, contractors' and builders' tools and equipment, home repair tools, lawn and garden equipment, moving equipment and supplies, and party and banquet equipment and supplies.

• Exclusion(s):

  Establishments primarily engaged in:

  • renting personal and household goods (See 5322 Consumer Goods Rental)
  • renting party and banquet supplies (See 53229 Other Consumer Goods Rental)
  • renting and leasing heavy construction equipment, without operator (See 53241 Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing)