Lessor

Lessor

The owner of an asset that is leased under an agreement to the lessee. The lessee makes one-time or periodic payments to the lessor in return for the use of the asset. The lease agreement is binding on both the lessor and the lessee, and spells out the rights and obligations of both parties.

The lessor may grant special privileges to the lessee, such as early termination of the lease or renewal on unchanged terms, solely at his or her discretion. The lessor is also known as the landlord in lease agreements that deal with property or real estate.

The leased asset can either be tangible property such as a home, office, car or computer, or intangible property like a trademark or brand name. The lessor in each instance is the owner of the asset. In the case of real estate or a car, the lessor is the property owner or automobile dealer respectively; in the case of a trademark or brand name, the lessor is the company that owns it and has conferred the right to use the trademark or brand name to a franchisee.


Investment dictionary. . 2012.

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Look at other dictionaries:

  • lessor — les·sor / le ˌsȯr, le sȯr/ n: a person who conveys the possession of real or personal property under a lease Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. lessor …   Law dictionary

  • Lessor — is the name of two places in the United States: *Lessor, Wisconsin *Lessor Township, MinnesotaLessor is also a term used in the following subjects: *Leasing (rental) of property …   Wikipedia

  • lessor — one who grants a lease, late 14c., from Anglo Fr. lessor (late 13c.), from verb lesser (see LEASE (Cf. lease)) …   Etymology dictionary

  • Lessor — Les sor (l[e^]s s[o^]r or l[e^]s*s[^o]r ), n. [See {Lessee}, {Lease}, v. t.] (Law) One who leases; the person who lets to farm, or gives a lease. Blackstone. [1913 Webster] …   The Collaborative International Dictionary of English

  • lessor — ► NOUN ▪ a person who leases or lets a property to another. ORIGIN Old French, from lesser let, leave …   English terms dictionary

  • lessor — [les′ôr΄, les ôr′] n. [Anglo Fr < lesser: see LEASE] a person who gives a lease; landlord …   English World dictionary

  • Lessor — Cette page d’homonymie répertorie les différents sujets et articles partageant un même nom. Sur les autres projets Wikimedia : « Lessor », sur le Wiktionnaire (dictionnaire universel) Le nom Lessor peut désigner : Lessor… …   Wikipédia en Français

  • lessor — an owner who allows his/her land, buildings, plant or equipment to be used under a lease contract. Glossary of Business Terms An entity that leases an asset to another entity. Bloomberg Financial Dictionary * * * lessor les‧sor [leˈsɔː ǁ ˈsɔːr]… …   Financial and business terms

  • Lessor — An entity that leases an asset to another entity. The New York Times Financial Glossary * * * lessor les‧sor [leˈsɔː ǁ ˈsɔːr] noun [countable] LAW someone who allows someone else to use their house, building, land etc for a period of time and in… …   Financial and business terms

  • lessor — UK [leˈsɔː(r)] / UK [ˈlesɔː(r)] noun [countable] Word forms lessor : singular lessor plural lessors legal someone who allows another person to pay to use their land or property under a lease (= a legal agreement). The person who uses the land or… …   English dictionary

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