A Residential Landlord is an individual or entity that owns and rents out residential properties, such as apartments, houses, or condominiums. Their primary role is to provide housing to tenants in exchange for rent, which is typically paid monthly. Landlords are responsible for maintaining the property and ensuring it meets safety and health standards.
In addition to property management, residential landlords must comply with local laws and regulations regarding tenant rights and rental agreements. They often handle lease agreements, collect rent, and address maintenance issues. Effective communication with tenants is essential for a successful landlord-tenant relationship.