Which term is the person who owns and rents out buildings or space?

Which term is the person who owns and rents out buildings or space?

• A. Tenant
• B. Property manager
• C. Owner
• D. Landlord

Answer: (D)

In real estate, the person who owns a property and rents it to others is called the landlord. The landlord owns the building or space and enters into leases with tenants, collecting rent and handling ongoing maintenance or issues as part of the rental arrangement. A tenant is the renter who occupies the space. An owner is someone who has legal ownership, but the term that specifically describes the rental relationship is landlord. A property manager is someone hired to oversee the property's day-to-day operations for the owner, not necessarily the owner themselves.

In real estate, the person who owns a property and rents it to others is called the landlord. The landlord owns the building or space and enters into leases with tenants, collecting rent and handling ongoing maintenance or issues as part of the rental arrangement. A tenant is the renter who occupies the space. An owner is someone who has legal ownership, but the term that specifically describes the rental relationship is landlord. A property manager is someone hired to oversee the property's day-to-day operations for the owner, not necessarily the owner themselves.