Landlord


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Landlord

A property owner who rents property to a tenant.

Landlord

A person who owns real estate and rents it to someone, allowing the renter to live and/or use the real estate in exchange for a fee. The fee is also called rent and is usually paid once per month. In exchange for the rent, the landlord is responsible for the basic upkeep of the property. For example, if the roof collapses, the landlord, rather than the renter, must pay for it. Landlords usually may not deduct the interest they pay on the mortgages of their properties from their taxable incomes, but the rent can provide a steady income with little or no actual work. A female landlord is called a landlady. See also: Passive income.

landlord

The owner of property rented to another. The landlord's interest is called a reversionary interest, while the tenant's interest is possessory.

References in periodicals archive ?
A landlord who does not register may face a fixed penalty of 500 or a court fine of up to 2,500.
Pick your target market: Before buying a property, speak to local landlords and letting agents about the rental demand in the area.
Andy Grossman represented both the landlord and the tenant in the transaction between Fenom Fitness LLC (tenant) and Superior Drywall (landlord).
The study, undertaken by Northwood, one of the leading providers of Guaranteed Rent, reveals that 84% of landlords receive less money than they thought from their monthly rental income due to unexpected costs, such as tenant arrears and having to take time away from their core employment to deal with tenants and the property.
Now that you know that the landlord can ask for confirmation of income, let's say that in the application the landlord is asking for contact information for your boss so that the landlord can call the place where you work.
It gives landlords the opportunity to network with other landlords and discuss any problems they may have, along with possible solutions.
CHALLENGING: The remainder of 2010 will continue to pose some challenges for private landlords, says Landlord Assist, the nationwide tenant eviction and rent recovery firm
Landlords may, and often will, simply ignore or shrug off any requests or obligations they are not legally compelled to undertake by the existing terms of their lease or leases.
His mastery of the extant estate papers of northern landlords is staggering.
A "build-out" allowance is an inducement package in which the landlord offers an allowance to prospective tenants to construct improvements for the tenant's benefit.
In a build-out-allowance inducement package, the landlord offers a prospective tenant an allowance to make improvements for the tenant's benefit.
According to Litwin, HB 1620 also makes it crystal clear that landlords and tenants who choose the surety bond alternative are still entitled to all protections afforded to them under current landlord/tenant law.