lessor

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Lessor

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

noun business owner, landlord, owner, propprty owner
See also: landlord, obligee, transferor

lessor

a person who grants a LEASE of property.

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

References in periodicals archive ?
This illustrates the weak credit quality of some airlines even in a benign market environment, as well as the dangers for lessors of significant airline customer concentration.
The benefits to the UAE have been that leasing and finance structures drafted in relation to the UAE have habitually incorporated the rights and remedies available under the Convention, and in turn lessors and financiers have been able to reduce risk and to reflect that in the cost of credit supply.
While there is a fair amount of homogeneity in the business models of aircraft lessors, distinctions can be made between their leverage appetites and fleet profiles, in part informed by the ownership structure of the lessor and the potential for strategic and/or financial support to be extended to the lessor from the parent company.
Now that the airlines have consolidated there, they are going to be very profitable," said Martin, an industry veteran of more than 25 years, who has overseen Singapore-based BOC Aviation's rise to become the world's fifth largest lessor by fleet value after joining the company in 1998.
Equipment leasing, to put it simply, is the means by which one party, the lessor, lays out a capital sum for the acquisition of an asset, and another person, the lessee, uses that asset and in return pays a fee including rent, to the lessor.
The car must come back to the lessor in its original condition or you pay to restore it.
Put another way, that's all taxes except for any income taxes that the lessor would have to pay in connection with the lease.
If the lessor wants to operate his lease (asset) to make profit, he will provide assets on hire to others for use under an agreement.
While the lessor and lessee eventually agree on an economic deal, the tax consequences arising from certain structures can sometimes catch one or both of the parties by surprise.
Mainframes--once the backbone of every computer manufacturer's product line (and, of most lessors blue chip portfolios)--have suffered tremendous erosion in value becoming mere commodity items (as has most computer hardware, no matter how advanced).
In cases where the asset being financed is very costly, it is usual to have a number of lessors and a consortium of lenders.