Lessor vs Lessee - What You Need to Know About How Leases Work A lease is a contractual arrangement where one party, called the lessor, provides an asset for use by the other party, referred to as the lessee, based on periodic payments for an agreed period The lessee pays the lessor for the usage of the asset or property
Lessor vs. Lessee: How Are They Different? - LegalZoom Lessor vs lessee at a glance Both parties enter into a contract called a lease or rental agreement, typically for residential or commercial real estate The lessee makes payment(s) to the lessor for use of the property or asset Lessor meaning: The owner of an asset who grants the right to use it to another party through a lease agreement
Lessee vs. Lessor – What’s the Difference? - Writing Explained Lessee and lessor are legal terms that are widely used on rental agreements and lease terms A lessee is the party who rents property from the lessor A lessor is the party who rents something out
Lessor vs Lessee: Understanding The Difference - Leasecake Explore the key differences between lessor vs lessee, their roles, rights, and the impact of new accounting standards on leases Preparing to acquire locations? Avoid common mistakes
Lessee: The Person That Rents a Property - Investopedia A lessee is a person who rents land or property from a lessor The lessee is also known as the “tenant” and must uphold specific obligations as defined in the lease agreement and by law
What Does Lessee Mean? - tenantcloud. com A lessee is anyone—an individual or a business—who rents or leases property from another party, known as the lessor It’s a formal word you’ll often see in lease agreements, especially when legal or accounting language comes into play