Lessor

Posted in Finance, Accounting and Economics Terms, Total Reads: 975
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Definition: Lessor

In a lessee and a lessor agreement, the one who owns the property and gives the property on lease is called lessor

So basically lessor is the landlord of the property to be leased and he set the terms and condition and grants special rights in agreement to lessee

Example:

If X owns a house and he wants to make a lease agreement with Y in order for Y to use the house than X will be termed as the lessor.


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