A landlord is the owner of property such as a farm, house, apartment, condominium, land, or real estate that is rented or leased to an individual or business, known as a tenant. The term landlord applies when a juristic person occupies this position. Alternative terms include lessor and owner. For female property owners, the term landlady may be used. In the United Kingdom, the manager of a pub, officially a licensed victualler, is also referred to as the landlord/landlady. In political economy, landlord specifically refers to someone who owns natural resources from which they derive rent, a form of passive income.