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.

RELATED TERMS
  1. Lease

    A legal document outlining the terms under which one party agrees ...
  2. Rent Guarantee Insurance

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  3. Single Net Lease

    A commercial real estate lease agreement in which the tenant ...
  4. Double Net Lease

    An agreement in which the tenant is responsible for both property ...
  5. Gross Lease

    A type of commercial lease where the landlord pays for the building's ...
  6. Ground Lease

    An agreement in which a tenant is permitted to develop a piece ...
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RELATED FAQS
  1. What are the three "nets" of an NNN lease?

    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 >>
  2. What are the differences between single, double and triple-net leases?

    Learn the ins and outs of net lease agreements, including the key differences between single net, double net and triple net ... Read Answer >>
  3. Do landlords set up escrow accounts for their tenants' security deposits?

    Learn when and why landlords place rental property security deposits in separate escrow accounts to make sure the money is ... Read Answer >>
  4. Why might landlords require renters insurance?

    Learn why landlords may require tenants have renters insurance, and find out what type of coverage landlords can request ... Read Answer >>
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