Skip to content
Ourboro logo
  • Our Model
    • How It Works
    • See the Math
    • What’s the Catch
    • Calculator: Buy Now or Later
  • About Us
    • Our People
    • Our Regions
    • Press
  • Referral Partners
  • Resources
    • FAQ
    • Blog
    • Glossary
    • Take Our Quiz
    • Homebuying Info Session
Menu
  • Our Model
    • How It Works
    • See the Math
    • What’s the Catch
    • Calculator: Buy Now or Later
  • About Us
    • Our People
    • Our Regions
    • Press
  • Referral Partners
  • Resources
    • FAQ
    • Blog
    • Glossary
    • Take Our Quiz
    • Homebuying Info Session
Get Started

Get in touch

Back to glossary

What is a Landlord?

A landlord is someone who owns and rents out real estate – such as homes, condos, apartments, and land – to tenants with the purpose of earning a profit.

Why is this term important?

Landlords are important because they offer an option for those that may not want, or be able, to purchase a property on their own. 

Landlords have a legal obligation to ensure all relevant laws and regulations regarding their rental property are followed. This includes laws that govern tenant rights, security deposits, notice periods, rent increases, and property maintenance.

Some landlords may also act as real estate investors, using their existing properties as leverage to purchase additional properties and build their portfolio. This removes available properties from the real estate market and lessens the supply available to homebuyers looking to purchase a home to live in.

Here is an example:

Someone may become a landlord when they, while living in a condo, decide to purchase a detached home. Then, instead of selling their condo, they choose to keep it and rent it out while they live in their detached property. 

Other landlords may own several separate properties and either manage them personally, or hire a property management company to maintain the buildings and communicate with tenants.

Related Terms

Future Value

Related Resources

How It Works

As your co-investor, we purchase a share in the future…
Read More

Share

Share in the ownership of your home, without having to share the remote.

Get Started
Get in Touch

Join our mailing list.

Not ready to buy a home but want to stay in the loop about Ourboro and co-ownership? Sign up for our newsletter to be the first to hear all of our latest updates.
We promise we won’t send you spam and you can unsubscribe at any time.
  • Get Started
  • Contact Us
  • Careers
  • Privacy Policy
  • Terms of Service
  • Partner Login
  • Homebuyer Login
Instagram Facebook Twitter Linkedin Youtube Tiktok Pinterest

© 2023 Ourboro Inc.

Have a question or some feedback for our team?

Send us a quick note and we’ll be in touch as soon as we can.

Not ready to get started with Ourboro?

Get a crash course on co-ownership, and stay in the loop with Ourboro, by joining our mailing list.

We promise we won’t send you spam and you can unsubscribe at any time.

Be rent-free in 2023. Co-own with Ourboro.
Get in Touch