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Landlord

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Math for Non-Math Majors

Definition

A landlord is an individual or entity that owns property and rents it out to tenants. They are responsible for maintaining the property and ensuring it meets legal standards.

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5 Must Know Facts For Your Next Test

  1. Landlords must provide a habitable living environment according to local housing codes.
  2. They can collect security deposits, which must be returned to tenants upon lease termination minus any lawful deductions.
  3. Landlords can increase rent but typically need to provide notice in advance as per the lease agreement.
  4. They have the right to evict tenants who violate lease terms, usually through a formal legal process.
  5. Landlords often require renters' insurance as a condition of the lease agreement.

Review Questions

  • What are some legal responsibilities of a landlord regarding property maintenance?
  • Under what conditions can a landlord keep part or all of a tenant's security deposit?
  • What steps must a landlord follow to legally evict a tenant?

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