A landlord refers to an individual, business, or entity that owns property and leases it to another party, known as a tenant, for a specified period of time. The property can be residential, commercial, or industrial, and the lease agreement outlines the terms and conditions under which the tenant may use the property.
The landlord is responsible for certain aspects of the property’s maintenance and upkeep, as well as for adhering to applicable local laws and regulations concerning tenant rights and property conditions. In return, the landlord receives rental income, either as a consistent revenue stream or as part of an investment strategy to realize capital gains through property appreciation.
Landlords play a vital role in the real estate investment industry, as they contribute to the supply of available rental properties and can influence market dynamics through their investment and management decisions. Their actions can impact property values, rental rates, and the overall health of the real estate market in a given area.