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Simple English definitions for legal terms
landlord and tenant
Read a random definition: financial contract
A quick definition of landlord and tenant:
Landlord and tenant is a special relationship between someone who owns a property (landlord) and someone who rents it (tenant). The landlord gives the tenant the right to use the property, but the landlord still owns it. The tenant has to pay rent to the landlord, and if they don't pay on time, they might have to leave. The landlord can't just come into the property whenever they want, they have to ask the tenant first. This relationship is important because it's not just a regular contract, it's also under property law.
A more thorough explanation:
Landlord and tenant is a special relationship between a property owner (landlord) and someone who rents the property (tenant). This relationship is more than just a contract, because it is also under property law. The landlord gives the tenant the right to use the property, but the landlord still owns it.
For example, if you rent an apartment, you have a landlord-tenant relationship with the owner of the building. The owner gives you the right to live in the apartment, but they still own the building.
In this relationship, the landlord has certain responsibilities. They must make sure the property is safe and in good condition. They must also give the tenant notice before entering the property. The tenant has responsibilities too. They must pay rent on time and take care of the property.
If the tenant doesn't pay rent or damages the property, the landlord can take legal action to evict them. This means the tenant has to leave the property and may have to pay money to the landlord.