What is a landlord?

A landlord is a person, business, or other entity that owns some form of real-estate that they rent out for an amount of money paid yearly, monthly, semi-monthly or weekly.  The type of real estate owned can be land, commercial real-estate, or home real-estate.  A landlord evaluates different tenant applications submitted to rent or use their owned real-estate.  Once a match is found an agreement or contract is signed and executed between both parties.  The tenant pays the landlord an agreed amount of money during some finite time to be able to use the landlord's owned real estate for a specific purpose outlined in the original signed contract.