what is landlord

A landlord is a person or entity who owns real estate and rents or leases it to a tenant. This can include residential or commercial properties, and the specific duties and obligations of each party are normally outlined in a lease agreement. Landlords are responsible for providing necessary maintenance or repairs during the rental period, while the tenant is responsible for the cleanliness and general upkeep of the property. Landlords are also bound by a lease agreement, which is a legal contract specifying the rights and responsibilities of each party. Additionally, being a landlord can generate passive rental income, but it also comes with unforeseen costs and unique legal and financial risks