Rentals can only ever exist on one device at a time. If its still on the Macbook, it will not be on the iPad.
http://support.apple.com/kb/ht1657
Apple wrote:
Can I play my rental on more than one device?
- If you download a rented movie on your computer: You can transfer it to a device such as your Apple TV (1st generation), iPhone, iPad, or iPod if it’s a standard-definition film (movies in HD can only be watched on your computer, iPad, iPhone 4 or later, iPod touch (4th generation or later), or Apple TV). Once you move the movie from your computer to a device, the movie will disappear from your computer's iTunes library. You can move the movie between devices as many times as you wish during the rental period, but the movie can only exist on one device at a time.
- If you download a rented movie on your iPhone 4 or later, iPad, iPod touch (4th generation or later), or Apple TV: It is not transferable to any other device or computer.
You need to transfer the Rental to the iPad.
http://support.apple.com/kb/HT1390
Apple wrote:
Once the rental is downloaded, you can watch it on your computer or transfer the rental to a supported iPod, iPhone, iPad, or Apple TV (1st generation):
- Connect the device and select it in iTunes.
- Click the Movies button.
- Select the movie, and then click Move.
- After all movies have been moved, click Apply in the lower-right corner of iTunes.
You must be connected to the Internet to transfer a rented movie.