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What is the difference between lessor and tenant?

The tenant is the lessee. And the landlord is the lessor. The lessee pays rent to the landlord whereas the lessor receives payment from the tenant.

Who is called as lessee?

A lessee is a person who rents land or property from a lessor. The lessee is also known as the \u201ctenant\u201d and must uphold specific obligations as defined in the lease agreement and by law.

What is the difference between a tenant and lessee?

A property lease agreement is a legal contract between two parties, a lessor (landlord) and a lessee (tenant), whereby the lessee is granted access to a property for a certain amount of time. There are usually certain conditions attached to this agreement regarding how and by whom the property may be used.

Which is the lessor?

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.

Which is lessee and lessor?

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? The lessor, or landlord, holds the lease of the property.

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