Lessee vs. Lessor – What’s the Difference? - Writing Explained Lessee and lessor are legal terms that are widely used on rental agreements and lease terms A lessee is the party who rents property from the lessor A lessor is the party who rents something out
Lessor vs Lessee - What You Need to Know About How Leases Work A lease is a contractual arrangement where one party, called the lessor, provides an asset for use by the other party, referred to as the lessee, based on periodic payments for an agreed period The lessee pays the lessor for the usage of the asset or property
Lessor - Wikipedia Lessor is a participant of the lease who takes possession of the property and provides it as a leasing subject to the lessee for temporary possession [1] [2] For example, in leasehold estate, the landlord is the lessor and the tenant is the lessee The lessor may be the owner of the property or an agent authorized on the
Lessor vs. Lessee: How Are They Different? - LegalZoom Lessor meaning: The owner of an asset who grants the right to use it to another party through a lease agreement The property owner can be an individual or a company Lessee meaning: The other party who obtains the right to use an asset The lessee can also be an individual or company
Lessor vs Lessee: What’s the Difference? - LeaseCrunch A lessor is someone who grants the use of an asset to someone else; they have legal rights to lease an asset under an agreement The lessor also has the ability to grant special privileges to the lessee, such as early termination of the lease or renewal on unchanged terms