Lessor vs. Lessee: What Is the Difference? - LegalClarity The fundamental difference between a lessee and a lessor lies in their relationship to the asset’s ownership and usage rights This distinction highlights that the lessor maintains title to the property, whereas the lessee holds temporary usage rights
Lessor vs Lessee - What You Need to Know About How Leases Work There are two principal parties in a lease agreement The lessor is the legal owner of the asset or property, and he gives the lessee the right to use or occupy the asset or property for a specific period
Lessee vs. Lessor – What’s the Difference? - Writing Explained Summary Is it lessee or lessor? 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
Lessee vs. Lessor: Whats The Difference in Lease Agreement (2025) A lessor is a person or organization that possesses an asset or property and gives another person the right to use it for a specified period of time, in return for some type of compensation In the real estate context, the lessor is also commonly referred to as the landlord
Lessee vs Lessor in Property Management: A Complete Guide A lessee is the person or business that rents property, while a lessor is the property owner or entity leasing out the space In simpler terms, the lessee pays to use the space, and the lessor owns it and collects rent
Lessor vs Lessee: Understanding The Difference - Leasecake A: In a lessee vs lessor agreement, the lessor is the property owner, while the lessee is the individual or entity renting the property The lessor definition encompasses landlords or property owners who grant lease rights ”
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
Lessee vs Lessor: Understanding Leasing Roles and . . . - Hemlane Who is a lessor and a lessee? A lessor is the owner of an asset that is leased or rented out to another party, while a lessee is the party that obtains the right to use the leased asset from the lessor for a specified period in exchange for periodic rental payments