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lessor |
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Lessor The person who rents land or property to a lessee. Notes: The lessor is also known as the "landlord."Lessor
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Leveraged leases can provide tax benefits to the lessor, and the accounting for such transactions can be significantly influenced by the timing of tax benefits provided to the lessor. It was determined that, for Federal tax purposes, the lessor would own some of the leasehold improvements and the anchor tenant would own others. TEI's recommendations pertain to paragraphs 31 and 35, both dealing with vehicle repairs for a leased vehicle covered by an insurance policy, and paragraph 32, dealing with repairs for a leased vehicle if the lessor is not the recipient of the service. |
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