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Lessor

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.07 sec.

One who rents real property or Personal Property to another.

A lessor of land is a landlord.

Cross-references

Landlord and Tenant.


lessor n. the owner of real property who rents it to a lessee pursuant to a written lease. Thus, he/she/it is the landlord and the lessee is the tenant. (See: lease, lessee, landlord, tenant, landlord and tenant)


LESSOR. contr. He who grants a lease. Civ. Code of L. art. 2647.


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Leveraged leases can provide tax benefits to the lessor, and the accounting for such transactions can be significantly influenced by the timing of tax benefits provided to the lessor.
It was determined that, for Federal tax purposes, the lessor would own some of the leasehold improvements and the anchor tenant would own others.
TEI's recommendations pertain to paragraphs 31 and 35, both dealing with vehicle repairs for a leased vehicle covered by an insurance policy, and paragraph 32, dealing with repairs for a leased vehicle if the lessor is not the recipient of the service.
 
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