Landlord
In short
A person or company that owns property, such as a house, land, or building, and allows others to use it in exchange for rent.
In plain words
If you rent a flat, the person you pay every month to live there is your landlord. They own the building and are responsible for certain legal duties. They can also be a business rather than a single person.
A simple example
A woman owns a small apartment block in London. She rents each flat to different families who pay her monthly rent to stay there.
Why it matters
Landlords provide housing and space for businesses to operate. They also earn passive income from the assets they own.
Easy to mix up
Do not confuse a landlord with a tenant, who is the person actually paying to live in the property.