what is a lessor
698704c9a66c1fff1a320ac440504863
lessor a person who grants a lease. [1350–1400; Middle English lesso(u)r < Anglo-French. lessor. a person or entity that grants a lease to another; a person or entity that leases property as a landlord.
2f12d8dacbabdd3f662af3a9674bf25a
Tenant The contract governing a lessee'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.
660ff9c9aa7885353672c5b923a29a35
What is 'Lessee' DEFINITION of 'Lessee'. The person who rents land or property from a lessor. The lessee is also known as the tenant, and must uphold specific obligations as defined in the lease agreement and by law. The lease is a legally binding document, and if the lessee violates its terms, he or she could be evicted.
41ad41dbb72f50b1e13c3aee96dfa1e3
Lessor Accounting for Leases A lessor must capitalize a lease if any of the four lessee conditions for capitalization are present, PLUS BOTH of the following requirements are met: 1  The lessor can reasonably expect to collect the minimum lease payments; and.
5bbcd13fc1a7f4847ed6bce1bc596656
- Accounting for Leases. A lease is an arrangement in which one party, called the lessor, provides an asset for use of the other party, called the lessee, against periodic payments for a specified time period.Accounting for leases depends on the terms and conditions of the lease i.e. whether it is a finance lease or an operating lease.ccounting for Leases. A lease is an arrangement in which one party, called the lessor, provides an asset for use of the other party, called the lessee, against periodic payments for a specified time period.
8b8d1262fecc81011f3ac067b588f23a
- LINK / CITE ADD TO WORD LIST. noun. The definition of a leaser is a person or business that rents something to someone for a specified amount of time and money. An example of leaser is a landlord renting their house to someone.Noun. (plural leasers).INK / CITE ADD TO WORD LIST. noun. The definition of a leaser is a person or business that rents something to someone for a specified amount of time and money. An example of leaser is a landlord renting their house to someone.
3572cafe75e95c85293af9f5a82c4134
THE LEGALESE SITE Landlord-Tenant vs Lessor-Lessee. In lease agreements, the difference between landlord and lessor is confusing. Often, the parties are called landlord and tenant. However, the terms lessor and lessee as preferred in some agreements. Tenant. First of all, the term tenant doesn't necessarily refer to a lease.
1bae47f789a8b506670babed88bf2880
- DEFINITION of 'Lessor'. The owner of an asset that is leased under an agreement to the lessee. The lessee makes one-time or periodic payments to the lessor in return for the use of the asset. The lease agreement is binding on both the lessor and the lessee, and spells out the rights and obligations of both parties.
befbc2457b5bb18c16191576bdb159b9
The Difference Between Leases and Subleases What Is a Lease? A lease is a contract between a landlord (lessor) and renter (lessee). For apartment leases, the landlord is often an apartment complex or a rental agency. In the lease, the renter agrees to pay the landlord to live in the property for a specified amount of time, usually a year, though this can vary.
e98716c5a4a4bad800079ecc9bcc3faa
Landlord A landlord is the owner of a house, apartment, condominium, land or real estate which is rented or leased to an individual or business, who is called a tenant (also a lessee or renter). When a juristic person is in this position, the term landlord is used. Other terms include lessor and owner. The term landlady may be used for women owners, and lessor applies to both genders.
db481771e855329a1ffe2543830e4abb
Leases The lessor (Everest) is responsible for the costs associated with operating the rail cars. These costs typically include normal car maintenance, insurance, and taxes. However, expenses caused by the product shipped or extraordinary maintenance items caused by the lessee are still the obligation of the lessee.
90ccf698403055ba7acb18e953974d93
LCOR...creating better places to live LCOR...creating better places to live. LCOR is a fully integrated investment, management and development company dedicated to creating better places for people to live, learn, work, travel and play. LCOR Residential provides property, portfolio, and asset management services throughout the country. Having managed over 36,000 units, we continually monitor market trends and implement best practices to enhance operations and our residents living experience.
972a0eb622386049f84bf73da4edc3a9
Lease A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment is also leased.
98ed3cfa2695fca5f2edc32470b410a3
Physiatry - Physical Medicine for Boomers, Vets, Athletes and Others The difference is your physiatrist is a licensed medical doctor. What is physiatry, you ask? It's a relatively new branch of medicine — also called physical medicine — that offers soldiers, boomers, athletes and people living with chronic pain the opportunity to extend the life of their physical body.
931624cc69c6349e0f1a61f013f63946
Lessor (leasing) The process of interaction of the lessor with other participants of the Leasing Contract is as follows: 1  The Lessee chooses the seller who possesses the required property. 2  The lessor acquires this property. 3  The lessor transfers the property to the Lessee for temporary use for an agreed payment. 4  On completion the contract, depending on its ...
3d07543bf1b7596a7fc548aa81e415ca
lessornoun  [ C] lessor meaning, definition, what is lessor: a person who allows someone to use something that they own, such as land, a building, or…. Learn more.
dc3769050362ddb498bc983b8128c64d
- For a definition of lessee in the context of property-carrying vehicles, see §376.2 of this subchapter. Lessor, as used in subpart F of this part, means the motor carrier granting the use of a passenger-carrying commercial motor vehicle, with or without a driver, to another motor carrier.
cfa57695ca0ed32f8450ddd0ea778a29
- When you finance or lease a car, truck or other vehicle, your creditor or lessor holds important rights on the vehicle until you ve made the last loan payment or fully paid off your leasing obligation.
45b1174206adebd3b74c18e8bb5adfc2
- Recent Examples of lessee from the Web. 1  At the end of the term, typically 36 months, the lessee brings the car back and can pay the residual to own it or lease a newer model. 2  When Apple received its license to test three autonomous vehicles from the state's DMV in April, the documents listed Donlen as the lessor and Apple as the lessee. —
f01e13acadb50ecf4732396227cf5aa8
- What is a 'Lessor'. A lessor, in its simplest expression, is someone who grants a lease. As such, a lessor is the owner of an asset that is leased under an agreement to a lessee. The lessee makes a one-time or periodic payments to the lessor in return for the use of the asset. Leveraged Lease.
e242d39cc4a63c3ba8c2abae76e5c25d
proprietor Noun. 1. lessor-someone who grants a lease. lease giver. owner, proprietor - (law) someone who owns (is legal possessor of) a business; he is the owner of a chain of restaurants.
5ad91e0dcf7d62353fadae26da1aef90
Landowner's Guide to Oil & Gas Leasing A lease is a legal document or contract between a landowner (lessor) and a company or individual (lessee) granting exploration and development rights to subsurface oil and gas deposits. Companies will usually present you with a preprinted or standard lease.
5afbb88c9a75c407a0b91a8a97b8ab39
Definition of Grantor Home Buying. Grantor is a legal term used in property deeds. In real estate, the grantor is the seller of a property such as a house. In general, a grantor can convey, or give, his title to a grantee, the buyer. A grantor transfers title to a grantee through a legal instrument known as a deed.
dc6be673b4db3eb32bcac6f34523322b
What is 'Lessee' A lessee is the person who rents land or property from a lessor. The lessee is also known as the tenant, and must uphold specific obligations as defined in the lease agreement and by law. The lease is a legally binding document, and if the lessee violates its terms, he or she could be evicted.
e7229738d2fdb1d0241d38869fcb2fd1
What is 'Lessee' The lessor's rights include the right to screen potential tenants, the right to know and approve of who is occupying the leased unit and the right to use part or all of the tenant's security deposit to repair any damage caused to the property by the lessee.
563afa8bfd1c73145ae2140ce7fe4c36
- These example sentences are selected automatically from various online news sources to reflect current usage of the word 'lessee.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors.