Landlord And Tenant Legal Meaning and Definition
Here is a simplified definition of the legal term Landlord And Tenant.
Landlord (n): The individual or entity that owns a property and rents or leases it out to another party.
Tenant (n): The party permitted to use a property in exchange for payment, under the terms of a rental or lease agreement with the landlord.
Together - Landlord and Tenant: The terms used to represent the two parties involved in a rental or lease agreement for a property. The landlord is the owner who leases or rents out the property, while the tenant is the person who resides in or uses the property under agreed terms.