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Who is called lessee and lessor?

When the asset under lease is a piece of real estate, then the lessee is a tenant and the lessor is the landlord. The lessee is the temporary occupant of the property, and the lessor owns the property in which the lessee is staying.

What is a lessee vs lessor?

When the asset under lease is a piece of real estate, then the lessee is a tenant and the lessor is the landlord. The lessee is the temporary occupant of the property, and the lessor owns the property in which the lessee is staying. Who Holds the Lease of the Property?

What is another word for lessor?

The lessor is more generally known as the landlord, and the lessee as the tenant.

Which is lessee and lessor?

When the asset under lease is a piece of real estate, then the lessee is a tenant and the lessor is the landlord. The lessee is the temporary occupant of the property, and the lessor owns the property in which the lessee is staying.

Does lessor mean owner?

The lessor is the owner of property who contracts with another, the lessee, to allow them to take temporary possession of their property through a lease. If the property is real estate, the lessor is referred to as a landlord.

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