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Definition - What does Landlord mean?

Landlord is a term which simply refers to a person who owns an apartment, condominium, a house, or other real estate or land and has given the property to another person or a business through renting or leasing.

Justipedia explains Landlord

The relationship between a landlord and the person who is using the property is often characterized by a formal agreement between the two parties known as a rental or lease agreement. This agreement is usually of a certain time duration and requires a renewal after expiration. Landlords have many responsibilities to keep the property in good repair.

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