Landlord
Landlords in real estate are individuals or entities that own residential or commercial properties and lease them to tenants in exchange for rent payments. Landlords are responsible for maintaining the property, ensuring it meets safety and habitability standards, and addressing any repairs or maintenance issues that arise during the tenancy. They may also handle tasks such as collecting rent, enforcing lease terms, and managing tenant relations.
Landlords have legal obligations to their tenants, including providing a safe and habitable living or working environment, adhering to fair housing laws, and respecting tenant privacy rights. They also have the right to collect rent, evict non-compliant tenants, and take legal action to enforce lease agreements.
Successful landlords typically possess strong communication and interpersonal skills, a good understanding of local rental markets and regulations, and the ability to effectively manage properties and tenant relationships.