lessor
1
7.1
- noun
- /ˈlɛsər/
- Formal
:
arrendador
- In a commercial lease, the lessor retains ownership of the property while granting the lessee the right to use it.
Aeroflot, Russia's national airline, has leased about half of its fleet by value from non Russian lessors.
- Aeroflot, Russia's national airline, has leased about half of its fleet by value from non Russian lessors.
Examples
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320 The Agencies, according to the court, would also suffer little harm due to the rejection because the Agencies would still have the option of filing claims against the lessor for clean-up costs.
Academic text (1993) -
First, the Court considered several cases involving property taxes imposed on lessees and lessors of the Federal Government.
Academic text (2017) -
...use of the premises by lessee, then lessor and lessee shall...
-
Only if the debtor assumes the lease may the lessor put conditions on the lease relationship.
Academic text (1993) -
The district court concluded that the burden to clean up the sites should fall fairly and appropriately on the owners/lessors of the sites and the states.
Academic text (1993) -
The court also noted that the lessors had benefited from the lease, assuming certain risks of contamination.
Academic text (1993) -
Until this occurs, the developer-lessor will hold the property while paying comparatively low property taxes and collecting rent from the farmer-lessee.
Academic text (1999) -
The bottom line is that the lessor on these facts should have disclosed the contract clause much like a vendor should have disclosed A termite infestation.
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The bankruptcy court then examined the corresponding damage to the lessors and the states caused by the lease rejections, holding that the damage was insufficient to outweigh the benefits to the estate.
Academic text (1993) -
One of the only possible remedies for the landlord would be to require a substantial security deposit. Under section 506(a), the lessor has the right to secured status for setoffs.
Academic text (1993)
Synonyms
230
2.2
A person or company that owns homes and rents them to tenants
A person who rents out property to another person for money
Antonyms
Surface Forms
Morphology
Etymology
Lessor comes from the word lease ('a contract to use property') plus the ending -or meaning 'one who does something', so a lessor is the person who gives the lease and lets someone else use the property.