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One who rents real property or Personal Property to another.

A lessor of land is a landlord.


Landlord and Tenant.


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)


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


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 ?
The Export-Import Bank of the US's (Ex-Im) cessation of new lending activities does not have an immediate impact on aircraft leasing companies given the broad market access they currently enjoy; however, a permanent loss of Ex-Im would eliminate a contingent funding source for these lessors.
Keeler explained how the GLN works: "New lessors register at www.
Ernst & Young is concerned about the conceptual basis for a lessee recognizing a liability for lease payments that do not represent an unconditional obligation and similarly for a lessor recognizing a receivable for amounts other than those that the lessor has an unconditional right to receive.
It is thought that the UK tax authorities do not seek to impose tax on non-resident lessors who have no PE in the UK under the miscellaneous charge.
In addition, if a lessor makes a qualified leasehold improvement, such improvement does not qualify as qualified leasehold improvement property to any subsequent owner of the improvement, unless acquired by reason of death or certain nonrecognition property transfers (e.
These statements include information about the lessor and the lessee--name, address, employee identification number, location of "retail" space and the amount of the construction allowance.
You pay for excessive wear and tear as defined by the lessor.
RENTAL AND OTHER PAYMENTS: A lease also will contain a provision that describes the rental and other payments you're required to pay the lessor during the term of 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.
On the other hand, a uniform federal disclosure scheme for lease-purchase agreements that provides key information to consumers without causing a substantial compliance burden to lessors might prove beneficial, provided the various parties affected by such legislation can identify a genuine need for it.
Thus, the lessor uses a combination of its own funds and borrowed money to purchase the asset (requiring large capital outlays) that is then leased to another party.