Tenant
A tenant in real estate refers to an individual or entity who occupies or rents a property owned by another party, typically referred to as the landlord or property owner. Tenants enter into rental agreements or leases with landlords, outlining the terms and conditions of their occupancy, including rent payment, duration of the lease, and responsibilities regarding property maintenance and upkeep. As occupants of a rented property, tenants enjoy certain rights and privileges, such as the right to peaceful enjoyment of the premises, privacy, and protection from unlawful eviction. In exchange, tenants are obligated to comply with the terms of the lease, including paying rent on time, maintaining the property in a reasonably clean and safe condition, and adhering to any rules or regulations established by the landlord. Overall, tenants play a crucial role in the real estate ecosystem, providing landlords with a steady stream of income while enjoying the benefits of temporary or long-term occupancy in a residential or commercial property.