Define lessor

What does wet lease mean? A lease is a form of agreement wherein, as defined by International Accounting Standard 1 a lessor conveys to the lessee , in return for a payment or series of payments, the right to use an asset for an agreed period of time. Lessor definition , a person, group, etc. Under a full-service or rental lease, the lessor promises to maintain and insure the equipment and to pay any property taxes due on it. Leases come in many forms, but in all cases the lessee promises to make a series of payments to the lessor.

An asset may be repossessed by the lessor in the event of a default on the lease payments.

The definition of a lessor is someone who loans property to another person with a written agreement. An example of a lessor is the owner of an apartment building. YourDictionary definition and usage example. Owner or the title holder of the leased asset or property.

In case of leveraged leases, however, a third party (the lender) and not the lessor holds the title. English dictionary definition of lessors. Not to be confused with: lesser – smaller: She received.

As such, a lessor is the owner of an asset that is leased under an agreement to a lessee. A lessor is essentially someone who grants a lease to someone else.

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. Merriam-Webster Thesaurus, plus related words, definitions, and antonyms. The lessee makes a one-time payment or.

Find another word for lessor. For example, in leasehold estate, the landlord is the lessor and the tenant is the lessee. If we think of a lessee as a tenant or renter, the lessor is the landlord or owner.

A lesser man than he might have simply given up. A lessee is a person that rents land or property, such as a vehicle. The person or entity the lessee rents from is the lessor.

Most lessees must meet certain guidelines and restrictions when using. Definition An owner of property who rents it to another party, called a tenant. Meaning: An entity that leases an asset to another entity.

A comparative of little 1. Smaller in amount, value, or importance, especially in a comparison between two things: chose the lesser evil. A lease is a contract outlining the terms under which one party agrees to rent property owned by another party. He who grants a lease.

In the action of ejectment, this was the party who really and in effect prosecuted the action and was interested in its result. Definition of leasor: In a lease arrangement, the leasor is the owner of the property or product being leased.

Broadly put, a lease agreement is a contract between two parties, the lessor and the lessee.