Landlord
Landlord
Landlord (/ˈlan(d)ˌlôrd/) is a term used in the field of real estate and property management. It refers to an individual or entity that owns a property and rents it out to another party, known as a tenant. The landlord is responsible for maintaining the property and ensuring it meets certain standards of habitability.
Etymology
The term "landlord" originates from the Old English words "land", meaning ground or soil, and "hlaford", meaning master or ruler. The term was first used in the late 14th century to denote a person who has tenants under him.
Related Terms
- Tenant: A person or entity that rents property from a landlord.
- Lease: A legal contract between a landlord and tenant outlining the terms and conditions of the rental agreement.
- Rent: The payment made by a tenant to a landlord for the use of property.
- Security Deposit: A sum of money paid by a tenant to a landlord to cover potential damages to the property.
- Eviction: The legal process by which a landlord may remove a tenant from a rental property.
Responsibilities
A landlord's responsibilities may vary depending on the jurisdiction and the terms of the lease agreement. However, they generally include maintaining the property, ensuring it meets health and safety standards, and respecting the rights of the tenant. In return, the landlord has the right to receive rent and may have the right to evict a tenant under certain circumstances.
Legal Aspects
Landlord-tenant law governs the relationship, duties, and rights of landlords and tenants. These laws vary by location and can be influenced by state, federal, and local law. They cover a variety of issues, including rent control, evictions, and safety compliance.
External links
- Medical encyclopedia article on Landlord
- Wikipedia's article - Landlord
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