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Felonies are typically the most serious crimes in the criminal justice system. Felonies include such crimes as murder, rape, robbery and arson. Prison sentences upon a conviction can range anywhere from a few months to a lifetime sentence. Upon a guilty plea or a guilty verdict, you will be sentenced and a felony conviction will... more »
Bankruptcy is a legal process that is invoked when an individual or business is unable to pay its creditors. Several types of bankruptcy are permitted under the U.S. Code, all of which work to find mutually beneficial arrangements between debtors and creditors. Chapter 13 bankruptcy provides for the reorganization instead of... more »
Are you afraid of being sued by someone and losing everything? If so, you need to take action. You need to live your life in a way that will minimize your changes of being taken to court by someone. How do you do that? You accomplish this feat by avoiding five common pitfalls. They are pitfalls that will help you end up in court and,... more »
With slumping house prices, more homeowners are electing to rent their houses rather than take a loss on a sale, if they could even find a buyer. Others have taken advantage of the buyer's market and are eager to rent out their investment houses for positive cash flow and income. Either way, the goal is to generate cash flow to cover... more »
Most public water systems will follow a predetermined method of testing to assure their drinking water is potable--or safe to drink. If you are a property owner connected to a public water system, you likely have no further responsibility. However, if you choose to charge your tenants for water on a separate basis, you may be liable... more »
If you want to rent an apartment, you will have to sign a lease. Learn all about apartment...
Applying for credit isn't the only reason that a business will check your credit. Many landlords conduct credit checks on prospective renters to... more »
Many people who are looking for a new place to rent may be concerned about what a landlord is looking for in a tenant. Having a good idea of a... more »
If you are a landlord thinking about selling your rental property and buying another, consider the tax advantages of a 1031 exchange. Exchanging,... more »
Renting out a property involves more work than simply signing a lease. You have to find potential renters, put them through a screening process... more »
Real estate can be a lucrative investment, especially if you have a property that is paid in full and you can rent to someone. Renting a property... more »
Landlord is the owner of a house, apartment, condominium, or real estate which is rented or leased to an individual or business, who is called a tenant (also a lessee or renter). When a juristic person is in this position the term landlord is used. Other terms include lessor and owner. The term landlady may be used in some jurisdictions for female owners, but landlord can apply to both genders.
History of landlording
See also Tenement.
Landlording may be traced back to the Roman Empire and the manorial system (seignorialism), which began under it — peasants were bound to the land and dependent on their landlords for protection and justice. Under the feudalism such relations became widespread.
Landlord and tenant
The two parties step into relationship under the law of real estate property by signing a contract called lease. With this contract the one party, which has superior title to the property, ie the landlord, grants possession and use of it for a limited period to the other party, ie the tenant. The landlord may not be the actual owner of the property but keeping in some way the right to sub-lease.
A rental agreement, or lease, is the contract defining such terms as the price paid, penalties for late payments, the length of the rental or lease, and the amount of notice required before either the landlord or tenant cancels the agreement. In general, responsibilities are given as follow: the landlord is responsible for making repairments and property maintenance, and the tenant is responsible for keeping the property clean and safe.
Many landlords hire a property management company to take care of all the details of renting their property out to a tenant. This usually includes advertising the property and showing it to prospective tenants, and then, once rented, collecting rent from the tenant and performing repairs as needed.
In the United States, landlord-tenant disputes are primarily governed by state read more at » http://en.wikipedia.org/wiki/Landlord
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