Residential Rental Properties

Residential rental properties are real estate units—such as apartments, houses, or condos—that landlords own and lease out to tenants. Renters pay a monthly fee to live in these properties, providing landlords with income. This arrangement often involves a lease agreement, which outlines terms like rent amount, duration, and responsibilities. Residential rental properties can be a significant investment for owners, while offering tenants flexibility and housing options without the commitment of buying a home. The market for these properties can be influenced by factors like location, demand, and local regulations.