Landlord facts for kids

A landlord is a person or a company that owns buildings or land. They let other people, called tenants, use their property in exchange for money, which is called rent. It's like renting a house or an apartment from someone who owns it.

Being a good landlord, David Berry (who had owned much of what is now known as Berry - the town was named after him) is well remembered by his tenants.

What Does a Landlord Do?

Landlords own different types of property, like houses, apartments, or even shops and offices. Their main way of earning money is by charging rent to the people or businesses who live or work there. This rent helps the landlord pay for the property and sometimes makes a profit.

The History of the Word 'Landlord'

The word "landlord" comes from the Middle Ages. Back then, a person who owned a lot of land was often called a "lord." This lord was not only the owner but also in charge of the local government and people living on their land. So, "landlord" means "lord of the land."

How Landlords Manage Their Properties

Many landlords use borrowed money, like a mortgage from a bank, to buy their properties. They rely on tenants paying their rent on time. This rent money often helps the landlord pay back the bank. If enough tenants pay their rent, it can also provide an income for the landlord.

Famous Examples of Landlords

Some people become very well-known for owning many properties. For example, Donald Trump is a famous modern landlord who owns many buildings and properties.

Images for kids

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  Powerful landlord in chariot, Eastern Han 25–220 CE. Hebei, China