Rental Property

A rental property is real estate owned by an individual or company that they lease to tenants in exchange for regular payments called rent. This allows the property owner to generate income without selling the property. Rental properties can include apartments, houses, or commercial spaces. Tenants use the property for dwelling or business purposes while the landlord is responsible for maintenance and ensuring the property meets safety standards. Renting provides flexibility for tenants and can be a steady investment for owners seeking income and property appreciation over time.