lessor - meaning and definition. What is lessor
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What (who) is lessor - definition

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Lessor (disambiguation)

Lessor         
·vt One who leases; the person who lets to farm, or gives a lease.
lessor         
n. the owner of real property who rents it to a lessee pursuant to a written lease. Thus, he/she/it is the landlord and the lessee is the tenant. See also: landlord landlord and tenant lease lessee tenant
lessor         
[l?'s?:, 'l?s?:]
¦ noun a person who leases or lets a property to another.
Origin
ME: from Anglo-Norman Fr., from OFr. lesser 'let, leave'.

Wikipedia

Lessor

Lessor may refer to:

  • Lessor (leasing), the owner of leased property or the agent authorized on the owner's behalf
  • Lessor, Wisconsin, a town in U.S.A.
  • Lessor Township, Minnesota, U.S.A.
Examples of use of lessor
1. Second, the lessor may let the objects to a third party.
2. In such a case the lessee can only claim for compensation of losses from the lessor.
3. The odds are staked against the lessee to allow the lessor with an opportunity to terminate the lease agreement, given that it stands to lose out any amount it has paid to the lessor towards the cost of the asset it leased from the lessor.
4. The stakes are too high for the lessee to allow an opportunity to the lessor to terminate the lease agreement, since the lessee may lose the entire amount he or she paid to the lessor for the cost of the asset it has leased from the lessor.
5. The lessor pays 1.5% of the amount of the rent for the service.