definition of locator

We understand a landlord to be that person who acts as a lender of an apartment, house or property to another person who pays for it. The landlord is, in other words, the owner of the property and because he does not use it as his own home, he rents it temporarily to another in order to obtain an equal amount of money or capital in exchange for that share. In this relationship between landlord and tenant (the latter being the one who rents or pays for such property), the landlord is always the one who has the greatest number of rights and benefits since he is the one who owns the property and therefore can take many more decisions about the same as the tenant.

The link between the landlord and the tenant is established from the moment the rental contract is signed. Although many parties act in good faith by having confidence or prior knowledge, the most common (and at the same time recommended) is to act with a contract that clearly establishes the roles of each party. The contract specifies who will act as landlord and who as tenant, in addition to marking the rights and benefits of both parties.

The landlord is, then, who owns a property (whether it is real estate or furniture, such as a house or a car respectively) who decides to put it up for rent so that another person can use it in exchange for the equivalent in capital or services. . Although the contracts protect the tenants in many matters, the landlord is the one who has more rights since he can cancel the contract if he considers it necessary to observe damages against his property.

It is common to find people who are exclusively dedicated to the possession and rental of properties since such activity can generate many economic benefits, allowing the person to live in an accessible and easy way.