Lessor


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Lessor

An entity that leases an asset to another entity.

Lessor

The owner of land, a house, or other property who sells the right to use the property for a set period of time. Sometimes, this includes the right to develop land belonging to another, but normally it is the right to live on or use an already developed property. The contract governing a lessor's rights is a lease; it generally includes the lessee's right to use the property under certain conditions without undue interference from the lessor for the period of time described in the lease. In exchange, the lessee pays rent.

lessor

The owner of an asset who permits another party to use the asset under a lease. Compare lessee.

Lessor

One who rents property to another. In the case of real estate, the lessor is also known as the landlord.
References in periodicals archive ?
Provided the non-UK resident lessor is not carrying on a business in the UK through a PE, it should not be liable to UK corporation tax on the rental income arising from a UK lessee, however one also has to consider the UK income tax position.
A lessor will not be eligible to claim an ITC for the GST/HST paid on vehicle repairs for a leased vehicle if the lessor is not the recipient of the service.
Once you negotiate a deal you like, take it to other lessors for comparison shopping.
According to these so-called "hell or high water" clauses, you won't be able to refuse to pay or assert any setoff against your obligations under the lease even if the leased equipment is or becomes damaged, defective, obsolete, or otherwise unavailable for your use, or the lessor breaches its obligations to you under the lease (provided you'll be entitled to begin an action against the lessor for any damages you may incur as a result).
Another aspect of finance lease is that the lessor is not responsible for the repairs and maintenance, insurance, etc.
Note that while the deal between the lessor and lessee has not changed from an economic perspective, for tax purposes we now have a deferred payment lease.
Additional Requirements for Lessor (Both must apply)
This influx of capital may unduly influence competitive dynamics, drive down price/lease terms, and focus certain lessors on the near-term goals of their private-equity backers.
Using The Global Lessor Network, Ecologic enables vendor captives and lessees to find the best match lessor for each transaction in each country.
Under the derecognition approach, if the lessor does not retain exposure to the risks and benefits associated with the leased asset, it derecognizes that part of the asset and retains only its residual interest.
The lessor was 111 Howard Associates, LP and the lessee:was Shaw Facilities.
The improvement is made under a lease either by the lessee (or sublessee), or by the lessor, of that portion of the building to be occupied exclusively by the lessee (or sublessee);