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 ?
If the substantive action is successful, and all the appeal stages have been exhausted, the lessor can then proceed with the execution of the judgment through the relevant court execution department.
A lessor managing a portfolio of financial assets may engage in financing with varying amounts of exposure to credit risk, interest rate risk and perhaps residual risk, but little or no exposure to other risks associated with ownership, such as obsolescence, price risk or other market risks.
In respect of operating leases, the lessor should not be liable to German tax on the rental income provided it is not carrying on a business in Germany through a permanent establishment (PE).
The lease agreement between the lessor and the lessee requires that the lessee acquire an insurance policy for the vehicle that identifies the lessor as the named/additional insured.
This scenario is no doubt familiar: the parties harden their positions; the lessor is motivated to get out of the deal, but still needs to think about a possible squeeze by the lender; the lessee believes it can easily cure the problem and that the lessor is being unreasonable.
Finally, CA 20 01 notes that the lessor is not liable for the payment of the policy premium; the named insured is the responsible party.
Residual value--resale value of a car at lease end, as determined by the lessor.
SECURITY DEPOSITS: It's fairly common for a lease to require you to pay the lessor a security deposit.
In either circumstance, the lessor will probably be open to discussing these options, since they have a familiar, ready and willing customer.
In the leasing agreement, lessor agrees to provide equipment or finances to buy the equipment needed by the lessor.
The provider's closer association with the lessor hospital may hinder its ability to develop working relationships with other referral sources in the community, especially those which compete directly with the lessor hospital.
While the lessor and lessee eventually agree on an economic deal, the tax consequences arising from certain structures can sometimes catch one or both of the parties by surprise.