Landlord

DEFINITION of 'Landlord'

A real estate owner who rents or leases land or a building to another party, known as a tenant. The landlord will often provide the necessary maintenance or repairs during the rental period, while the tenant is responsible for the cleanliness and general upkeep of the property.

A female landlord may be referred to as a "landlady."

BREAKING DOWN 'Landlord'

For real estate investors, becoming a landlord can be a profitable venture. It often provides a steady stream of income from the renter, while maintaining ownership over a property that is likely to appreciate in value.

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RELATED FAQS
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    Learn what the three "nets" are in an NNN lease and how they affect the responsibilities of both landlord and tenant in a ... Read Answer >>
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    Learn the ins and outs of net lease agreements, including the key differences between single net, double net and triple net ... Read Answer >>
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    Learn when and why landlords place rental property security deposits in separate escrow accounts to make sure the money is ... Read Answer >>
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  5. What kinds of real estate transactions use triple net (NNN) leases?

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