Landlord and Tenant
Introduction to Landlord and Tenant
Landlord and Tenant, in the law of real property, the relationship between two parties created by a lease. The lease is a contract under which one party, called landlord or lessor, who has superior title to the property, grants possession and use of the property for a limited term to the other party, who is called tenant or lessee. The landlord need not be the actual owner of the property, but may be a lessee granting a sublease to another tenant and keeping the right to reassume possession of the property either at the end of a specified period or sooner if the subtenant breaches a condition of the lease, such as by failure to pay rent.” (1)
Resources
Notes and References
- Information about Landlord and Tenant in the Encarta Online Encyclopedia