Was there a previous owner of the house or is it new construction? If the previous owner had a tank there, you can either take over the rent if they were renting it from a propane dealer, or if they owned it, it can pass through to you as part of the sale of the house.
If you are starting net new, the rental fee on a tank from one of the major suppliers, (e.g., Rymes), is nominal. However, you are then locked in to buy your propane from that supplier only. When you own the tank, you can buy your propane from whatever supplier you want, which can sometimes result in paying a lower price per gallon.
We rent the tank at our house in Meredith from Rymes, as that is who the previous owner used, so it was simple to just maintain that relationship. In Bedford, the previous owner owned the tank, so ownership passed to us in the sale, but we continue to get our propane from Rymes, for simplicity sake. I don't bother shopping around. So as you can see, we both rent and own, and I don't have a strong opinion on one vs. the other
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